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 […]
Posts Categorized: Stockton foreclosure
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 […]
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 […]
Stockton 2nd in California for January Foreclosure Filings
RealtyTrac’s list of metro markets with the highest foreclosure rates from December to January, was full of California cities holding 7 of the top 10 spots. The cities included Modesto (2), Stockton (3), Riverside-San Bernardino-Ontario (4), Vallejo-Fairfield (6), Bakersfield (7), Merced (9) and Sacramento-Arden-Arcade-Roseville (10). The monthly increase in California was only 2% however the […]
Central Valley HUD Photo List
Download now or preview on posterous CA – Central Valley HUD Photo List 2-4-2011.pdf (665 KB) View all the HUD owned homes in the Central Valley! Call Your Home Team at 209-471-6516 to view any homes for sale. Search Stockton area homes for sale at www.homes-in-stockton.com and Manteca area homes for sale at www.homes-in-manteca.com!
Stockton Foreclosure Rates Decrease
Download now or preview on posterous 09 30 10.pdf (27 KB) According to the Central Valley Business Times, CoreLogic reports foreclosure rates in Stockton decreased in July compared to a year earlier. Foreclosures among outstanding mortgage loans were 4.38 percent down from last year’s 5.42 percent. However foreclosures are still higher than the national average […]
The Good News and the Bad News for San Joaquin
Real estate market analysts have been hard at work crunching the latest round of numbers but what does it all mean? Wednesday the news looked optimistic for San Joaquin when it was reported that the area experienced a second quarter decline in foreclosures despite the fact that Stockton still remained 96th in the nation for […]
No New Ideas From Mortgage Summit
Download now or preview on posterous Mortgage Summit.pdf (29 KB) On August 12th in the post Could This Be The End of Short Sales? we wrote about how On August 17th the Treasury was going to be holding a hearing regarding the future plans for Fannie Mae and Freddie Mac. It was rumored that the […]
Lenders and Homeowners Dancing the Default Limbo
Download now or preview on posterous 07 26 10.pdf (233 KB) About 4.5 % of mortgages in the greater San Francisco Bay area are at least 3 months behind in mortgage payments and not yet in foreclosure. This default limbo is different from other real estate crashes because previously there were fewer troubled loans which […]