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Despite drop, Stockton still leads nation in foreclosure rate

By tvgnus   2013 Jan 30, 8:57pm   625 views   2 comments   watch (1)   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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1   Facebooksux     2013 Jan 31, 1:05am  ↑ like   ↓ dislike   quote    

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     2013 Jan 31, 2:43am  ↑ like   ↓ dislike   quote    

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

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