Over a Quarter of All 2010 Home Sales Were Foreclosures

According to RealtyTrac 26% of all home sales last year were foreclosures. In the Stockton area 72% of sales were bank or government held and 50% were REOs. Short sales accounted for  22% of all Stockton homes sold last year. Leaving 28% that were not bank or government related sales. For more information on the Stockton real estate market, feel free to contact Pat Holkesvig & Your Home Team experts at 209.471.6516 or complete our Contact Us form.

Stockton Renters to Receive Landlord Foreclosure Notice

Over a thousand Stockton renters will receive notice this week that their landlord may be facing foreclosure. Almost half of Stockton’s foreclosures are rental properties. All renters should know their rights and not let banks and real estate agents push them into moving out until they have exercised those rights. According to Federal law a minimum 90 days notice is necessary before renters can be forced to move out of a foreclosed rental property. Renters with a lease may continue living in a foreclosed property until the lease expires unless the new owner intends to live in it. In order to check if your rental is possibly in foreclosure call the Tenants Together hotline at 888-495-8020. If you are interested in the Stockton foreclosure market, feel free to contact Pat Holkesvig & Your Home Team experts at 209.471.6516 or complete our Contact Us form.

Stockton, CA, Short Sale Stockton Home for Sale & Stockton Real Estate,3808 Steve Lillie Cir, Stockton, CA, 95206

Stockton, CA, Short Sale Stockton Home for Sale & Stockton Real Estate, 5409 Governor Cir, Stockton, CA, 95210

Lathrop, CA Lathrop Home for Sale & Lathrop Real Estate, 16233 Saguaro Ln Lathrop, CA 95330

Gregory Basso Thinks Forbes Was Wrong About Stockton

Back on February 4^th in Forbes Bayonets Stockton and Central Valley Real Estate, I wrote about an article in Forbes Magazine where they had compiled their most miserable cities list ranking Stockton as the number one most miserable city. Although Stockton has seen some tough times I hardly believe it would qualify as the most miserable city and neither does Gregory Basso. Mr. Basso is a retired Stockton resident and the founder of Sunrise Sanitation Co. In fact, Mr. Basso felt so strongly that Stockton is a wonderful place to live and start a business that he put together a YouTube video Fighting Forbes where he lists all the wonderful things Forbes forgot to consider about Stockton. For more information about all things wonderful in Stockton, feel free to contact Pat Holkesvig & Your Home Team experts at 209.471.6516 or complete our Contact Us form.

Stockton, CA, Stockton Home for Sale & Stockton Real Estate, 2329 Lido Cir , Stockton, CA, 95207

Man Sentenced for Stockton Flipping Scheme

Iftikhar Ahmad received a 21-month prison sentence and was ordered by U.S. District Judge William B. Schubb to pay restitution of $382,750 and spend three years under supervision upon his release from prison. Ahmad bought up Stockton foreclosures often paying cash, then sold those same homes to fake buyers using false identities. The subprime loans were processed automatically without checking the applicant’s facts and that allowed little or nothing to be put down which allowed for the frequency of the flipping fraud scheme. These types of fraud schemes are very prevalent and are harmful to the neighborhoods of the targeted properties, only causing longer vacancies and neglect. Better education among the public and stiffer prosecution is the answer. If you have questions about local Stockton homes for sale feel free to contact Pat Holkesvig & Your Home Team experts at 209.471.6516 or complete our Contact Us form.

Stockton, CA, Short Sale Stockton Home for Sale & Stockton Real Estate, 9705 Twin Creeks Ave, Stockton, CA, 95219

Stockton, CA, Stockton Home for Sale & Stockton Real Estate, 6331 Riverbank Circle, Stockton, CA, 95219

Next Page »