Foreclosures still a problem

Agoura home a poster child for loans gone bad

DEADBEAT NEIGHBORS—The Agoura home is fraught with problems. Photos courtesy of Ken Handler

Home foreclosures aren’t as common as they were at the height of the banking crisis in 2010, but they haven’t gone away entirely. The national foreclosure rate has dropped almost to what it was before the 2008 market crash, according to CoreLogic, a company that monitors the mortgage industry.

The foreclosure rate, which is the share of all loans in the foreclosure process, fell to 1 percent in Dece...

Thank you for supporting your local Acorn! You need to be a digital subscriber to view the rest of this content. Please Login or Subscribe Now!