Despite drop, Stockton still leads nation in foreclosure rate


By tvgnus   Follow   Thu, 31 Jan 2013, 4:57am   235 views   2 comments
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http://www.centralvalleybusinesstimes.com/stories/001/?ID=22765

But its among the worst places for investors to snap up foreclosures •  The underlying fundamentals are slowly improving Despite double-digit percentage decreases in foreclosure activity compared to 2011, California cities accounted for the top four metro foreclosure rates in the nation, led by Stockton with 3.98 percent of housing units (one in 25) with a foreclosure filing last year -- nearly three times the national average, according to a report from RealtyTrac Inc. of Irvine.

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  1. Facebooksux


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    Mountain View, CA

    1   9:05am Thu 31 Jan 2013   Share   Quote   Permalink   Like   Dislike  

    Any "investor" dumb enough to buy in fucking Stockton deserves to get fleeced. Are you kidding me? It's pretty much Sierra Leone or Liberia. There is no police presence and you've got gangs running neighborhoods with no fear of the law.

    http://www.guardian.co.uk/world/2012/nov/02/stockton-california-economy-is-garbage

  2. New Renter


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    San Jose, CA

    2   10:43am Thu 31 Jan 2013   Share   Quote   Permalink   Like   Dislike  

    Yep! Its "Sons of Anarchy" out there...

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