Central Valley Foreclosure Rates Down From Last August

CoreLogic reported that Stockton foreclosures rate was 4.41% this August, down from last year’s rate of 5.41%.

Stockton’s mortgage delinquency rate also decreased with 14.87% at 90 days or more delinquent down from 15.72% a year ago. This is all good news, but Stockton still struggles with a rate higher than the national foreclosure rate average of 3.20%.