Los Angeles Business Journal

L.A. Sues US Bank Over Blighted Homes

Tuesday, July 17, 2012

Los Angeles is again going after a big bank for its handling of foreclosed homes. The Los Angeles Times reports that the city sued US Bank for its handling of 1,500 foreclosures, including allegedly allowing 150 vacant homes to fall into disrepair. The city previously accused Deutsche Bank of being a slumlord for its handling of foreclosed properties.