Despite drop, Stockton still leads nation in foreclosure rate

By tvgnus   follow   Wed, 30 Jan 2013, 8:57pm PST   ↑ Like   ↓ Dislike   397 views   2 comments   Watch (1)   Share   Quote  

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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Facebooksux   befriend (4)   ignore (0)   Thu, 31 Jan 2013, 1:05am PST   Like   Dislike     Share   Quote   Comment 1

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

New Renter   befriend (4)   ignore (11)   Thu, 31 Jan 2013, 2:43am PST   Like   Dislike     Share   Quote   Comment 2

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

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