Distressed

Carlyle Group LP was exonerated in a lawsuit tied to the collapse of a mortgage fund from 2008, avoiding $1 billion in damages sought by the pool's liquidators.

The long-term recovery for thousands of Texans whose homes were decimated by Hurricane Harvey rests with a Trump administration government outsider who wants his agency's budget cut by billions of dollars.

The legal logjam involving a pair of distressed properties in Garfield Heights, Ohio is starting to clear, after more than eight years of litigation and stagnation.

The New York State Department of Financial Services hasn't issued a single penalty against a bank or mortgage provider for failure to maintain and secure a property more than a year after the law requiring this upkeep was signed and eight months after it went into effect.

Rosemary Romero maintains the community garden at the entrance to Casa Linda, a 125-home subdivision in the center of town with entry off Cerrillos Road via Monterey Drive. It's a lovely neighborhood, she says, but is being damaged from the inside out.

A new state law meant to combat the blight of "zombie" homes across New York lacks effective enforcement to hold banks accountable for actually maintaining the properties on Staten Island.

The Toledo, Ohio, area is among the top five metro area in the country with the highest share of mortgaged properties that are "seriously underwater," that is, more is owed than the property is worth.

Mortgage holders could see their security interest wiped out if a borrower in Texas or Nevada gets a property tax loan where the lien has priority over the first mortgage.

Blighted, abandoned properties in Hornell, N.Y., are not only in-check, according to officials, but they're declining at a rapid pace.

Fires can make or break Staten Island, N.Y., zombie homes.

Tupelo, Miss., Mayor Jason Shelton is outlining his administration's goals and methods as it ramps up a fresh focus on blight removal across the city's residential areas.

Foreclosure actions on Cape Cod are showing their first decrease in four years, aided by a red-hot housing market that's making it easier for distressed homeowners to offload their property before losing it to the bank.

Getting rundown or blighted properties renovated to meet safety codes and restored to the tax rolls is the goal of a program known as receivership, a report about which was presented to the Holyoke, Mass., City Council.

Over the past 20 years, 395 code violation cases with $4.46 million in unpaid fines have piled up at City Hall.

Foreclosure activity continued to slow last month in the Pikes Peak region.

Hundreds of homes and properties are neglected, abandoned or vacant across Staten Island, N.Y.

The largest single-family investors slowed their pace of acquisitions years ago, but plenty of smaller firms are picking up the slack.

At midyear, fewer than 1% of the homes in Sarasota, Manatee and Charlotte counties were stuck in the foreclosure mill.

The foreclosure rate in the Twin Cities metro is at an all-time low and is now one of the lowest in the U.S.

A Pierce County judge says a notorious Seattle landlord — not thieves — tried to profit from cutting wires throughout a vacant Tacoma apartment building and ordered him to pay $1.1 million.