It started out as a simple loan modification for a troubled homeowner. It turned into a $16.2 million jury verdict against a nationwide loan-servicing company.

Foreclosures have fallen to their lowest levels in California and Sacramento County since late 2005, market researcher DataQuick said Thursday.
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Home prices are still climbing in the Sacramento area, but at a much more moderate pace than a year ago, DataQuick reported Wednesday.
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Born during the housing bubble, this San Joaquin County bedroom town was America’s most “underwater” community six years ago, a reference to the ocean of homeowners who owed more than their properties were worth.
Citigroup Settlement
Banking giant Citigroup Inc. is paying $7 billion to settle claims that it snookered investors on toxic mortgage-backed securities marketed during the housing bubble, with nearly $200 million of the settlement ticketed for California.

Homeowners who want to cash out their equity might be puzzled by the advantages and disadvantages of their three choices: a home equity line of credit, home equity loan or cash-out refinance.



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