Housing Crisis Horror Stories…Worthy of Edgar Allan Poe

LAGUNA HILLS, California (From CNN.com) — Charles Nelson has paid about $30,000 in rent since moving into a spacious four-bedroom home in August. He was stunned when a real estate agent knocked on his door recently and said the home was in foreclosure.
His landlord had not paid the mortgage since he moved in and the [...]

California Mortgage Reform Moving Along Slowly

SACRAMENTO — As the worst foreclosure crisis since the Great Depression drags down the California economy, the Legislature is making only limited progress this year on proposals for sweeping changes in the home mortgage industry.
Amid fanfare this winter, lawmakers held televised news conferences and introduced an unprecedented number of bills that would more heavily regulate [...]