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Foreclosure rates continue their slide in Central Valley

23.02.12


The pace of lenders filing initial foreclosure actions on homes across the Central Valley – the original epicenter of the mortgage meltdown – is continuing to slow, according to the latest data from financial information company CoreLogic Inc. (NYSE: CLGX) of Santa Ana.

Here is how the company sees individual markets in the Valley:

• Foreclosure rates in Stockton decreased in October 2011 over the same period in 2010, according to newly released data from CoreLogic.

The CoreLogic data reveals that the rate of Stockton area foreclosures among outstanding mortgage loans was 3.83 percent for October 2011, a decrease of 0.94 percentage points compared to October 2010 when the rate was 4.77

Source: Central Valley Business Times

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Foreclosed homes in stockton - Bookshelf


Mortgage banking Mortgage banking

Business & Economics - 2008
Today one might say the same thing about foreclosures. ... the list with the highest foreclosure rates are Merced and Stockton in the Central Valley. ...
Congressional Record Congressional Record

Political Science -
San Joaquin County has the second highest level of foreclosures in the country. Nearly one out of 50 homes is being repossessed. Stockton has the highest ...
The Rotarian
64 pages 		The Rotarian

2009-06
... foreclosed properties, which now account for nearly 1 in 10 homes here - the highest rate in the nation. The epicenter of the housing crisis, Stockton ...
The rise and fall of the U.S. mortgage and credit markets, a comprehensive analysis of the market meltdown
526 pages 		The rise and fall of the U.S. mortgage and credit markets, a comprehensive analysis of the market meltdown

Creator: James R. Barth | Business & Economics - 2009-05-04
Foreclosures per 1000 homes, Q3 2007 0 5 10 15 20 25 Weak economies Detroit ... Memphis Columbus Indianapolis National average Housing bubbles Stockton Las ...
Publisher: John Wiley & Sons Inc
Credit where it is due: A social history of consumer credit in America
258 pages 		Credit where it is due: A social history of consumer credit in America

Creator: Jonathan Levine, New York University. Program in American Studies | 2008
10 With one of every twenty‐seven of its households in foreclosure, it has paid dearly for this ... As they did so, real estate prices in Stockton rose. ...
Publisher: ProQuest

Foreclosed homes in stockton - News


Santa Rosa investment firm eyes opportunities in rental market
Santa Rosa Press Democrat - Feb 27, 2011
The Santa Rosa investment firm plans to buy, hold and rent out both homes and apartment complexes. By ROBERT DIGITALE Sonoma County's biggest buyers of foreclosed homes are embarking on a new strategy: becoming landlords in the Central Valley and Texas

Abandoned Modesto home at center of series of tragedies
Modesto Bee - Feb 27, 2011
Abandoned Modesto home at center of series of tragedies One son, Michael, became the Stockton bureau chief for Channel 10 before falling under the spell of People's Temple leader Jim Jones in San Francisco in the late 1970s. He gave the cultist $10000 of his savings and followed Jones to the infamous

Growing pains
Tracy Press - Feb 25, 2011
Follain points out housing prices in Stockton fell by 75 percent between 2006 and 2009, after they rose by 47 percent from 2003 to 2006. Foreclosures have also hit the city hard, the study explains, threatening the long-term health of many

1000 Stockton renters will get foreclosure warnings
News10.net - Feb 18, 2011
Tenants Together scoured property records to generate a list of non-owner occupied homes that are in various stages of foreclosure. "Most tenants in foreclosure situations are blindsided by the foreclosure," program coordinator Gabe Treves said.

Weston Ranch homes targeted
Stockton Record - Feb 19, 2011
STOCKTON - A Stockton pocket battered by foreclosures - in a city among the worst-hit by the nation's housing crisis - could this summer see more of its vacant homes purchased and flipped under a federal aid program.

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