Real Estate/Development
Jun. 16, 2011
L.A. Considers Bank Slumlord Cases
Los Angeles is investigating whether five major banks allowed hundreds of foreclosed properties to fall into slum conditions, probes that city lawyers say could culminate in new civil lawsuits.
Daily Journal Staff Writer
LOS ANGELES - The city attorney's office is investigating whether five major banks allowed hundreds of foreclosed properties to fall into slum conditions, probes that city lawyers say could culminate in new civil actions.
City Attorney Carmen Trutanich is looking at foreclosed properties overseen by Wells Fargo, Fannie Mae, HSBC Bank USA, U.S. Bank and BNY Mellon, said Assistant City Attorney Jeffre...
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