Comments on: Stockton: Foreclosure Capital USA

By: Wise Money Decisions - » One Million Foreclosures and Counting

Wise Money Decisions - » One Million Foreclosures and Counting — Tue, 25 Mar 2008 06:10:03 +0000

[...] to this article from September 2007, Stockton was the foreclosure capital of the country with nearly 4% of homes in foreclosure. [...]

By: Darrell

Darrell — Tue, 23 Oct 2007 05:05:45 +0000

well.. I have visited Stockton a few times and it this was to be expected.. It has a high crime rate, high unemployment and 2500 sq ft homes in the $600k and up.. Too many people think that they can push a $4500 mortgage when they cant. The Cali real estate is too expensive compared to the low average families income.. Then Cali is also known for mortgage lenders, realtors and appraisers that will Do ANYTHING to close a loan, even illegal means to close a deal. When you go thru stockton you will see a large percentage of people driving beat up cars with expired registration but they live in half-million dollar homes.. It screams mortgage fraud all day.. I think that this will get alot worse really quick

By: A Closer Look at Foreclosure: Part 1

A Closer Look at Foreclosure: Part 1 — Wed, 19 Sep 2007 01:23:34 +0000

[...] present, foreclosures are so prevalent that it can affect a whole neighborhood, a city and even the whole country. In fact, the effects of the subprime crisis in the United [...]