Daily auctions are held on foreclosed properties in front of the county courthouse in Corona, Calif. About 80 bidders, representing investors, show up to bid on properties.
Credit Yuki Noguchi / NPR
Mike Strugatz is an investor who's bought and renovated about two dozen distressed homes in the Riverside and Lake Elsinore area. He says with less inventory on the market recently, it's getting harder to find properties, and banks are demanding higher prices even for destroyed homes.
Credit Yuki Noguchi / NPR
Jennifer Bryant has made more than 30 offers on houses, mostly from her cellphone, in many cases without viewing the property. She has lost every bid, and says she often loses to all-cash buyers.
For-sale homes in California are sparse, even in areas with high foreclosure rates. It has led to buyers like Jennifer Bryant, who is willing to throw money at just about anyone willing to sell her a house.
Since February, Bryant has made 35 offers on homes in Riverside, only to be elbowed out by other bids. With few houses available and many bidders chasing these properties, she feels she has, at most, an hour to consider each house.
Retired senior police investigator Zafar Qureshi, 59, stands outside his home in Lahore, Pakistan, where security guards are stationed 24 hours a day. The former police official has probed some of the highest profile cases of official misconduct in Pakistan, and says he fears for his safety and that of his children in a country that he says is steeped in a "culture of corruption."
Credit Aamir Qureshi / AFP/Getty Images
Arsalan Iftikhar Chaudhry (center), son of Pakistan's Supreme Court Chief Justice Iftikhar Muhammad Chaudhry, leaves the Supreme Court after attending a hearing. He is facing allegations of accepting bribes from a powerful property developer totaling some $4 million.
Credit Mohsin Raza / Reuters/Landov
Sonia Naz (left) accused two Punjab police officers of extorting money from her and then sexually assaulting her after she complained to a court. Qureshi's investigation supported her claims, but he says he was forced out of a job as a result. Meanwhile, Naz's seven-year-old case has been revived by the Supreme Court.
Pakistan's National Assembly has been summoned to elect a new prime minister for the fragile coalition of President Asif Ali Zardari. A consensus candidate, current Textile Industry Minister Makhdoom Shahabuddin, emerged soon after the Supreme Court's dramatic firing of outgoing Premier Yusuf Reza Gilani.
The court disqualified Gilani from office this week for defying court orders to pursue dormant corruption charges against President Zardari.
Mexicans go to the polls July 1 to choose their next president, and polls show that voters seem inclined to embrace the past. The center-left Institutional Revolutionary Party, or PRI, which ruled the country for more than seven decades before being ousted 12 years ago, holds a solid lead.
But Mexico's young are making their voices heard: Some fear a return of authoritarian rule; others simply want jobs.
Aung San Suu Kyi finally received her honorary degree from Oxford University after it was initially awarded in 1993. In her speech, Suu Kyi praised Oxford for helping her see humankind at its best during her long years under house arrest in Myanmar.