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-   -   Stockton, CA. Foreclosure Capital Of US (https://www.apostolicfriendsforum.com/showthread.php?t=11924)

Ron 01-28-2008 02:03 PM

Stockton, CA. Foreclosure Capital Of US
 
I just saw a quick blurb on Yahoo which said that Stockton, California which a few years ago was the one of the "Hottest" real estate markets in the US is now facing a foreclosure rate of 2 out of 3 houses.

If it can happen in Stockton, is your community next?

Interesting times.

Pressing-On 01-28-2008 02:04 PM

Re: Stockton, CA. Foreclusure Capital Of US
 
It's happened in California before. Fixed rates! That's the way to go! One of my sisters works in the mortgage industry and she is furious that they put out loans to some of the people they did!

Ferd 01-28-2008 02:04 PM

Re: Stockton, CA. Foreclusure Capital Of US
 
That is because them knuckleheads in Cali have gone nuts and driven the price of housing sky high!

typical west coast, the land of fruits and nuts!


there would be vertuall no forclosures in Cali, if a 1500 sq ft home costs $130,000!

goofy people.

Monkeyman 01-28-2008 02:06 PM

Re: Stockton, CA. Foreclusure Capital Of US
 
Quote:

Originally Posted by Ferd (Post 371380)
That is because them knuckleheads in Cali have gone nuts and driven the price of housing sky high!

typical west coast, the land of fruits and nuts!


there would be vertuall no forclosures in Cali, if a 1500 sq ft home costs $130,000!

goofy people.

Yes true..but...at least we don't marry our cuzins!!!

AmazingGrace 01-28-2008 02:07 PM

Re: Stockton, CA. Foreclusure Capital Of US
 
Quote:

Originally Posted by Monkeyman (Post 371387)
Yes true..but...at least we don't marry our cuzins!!!

Silly thats arkansas and alabama not texas!!!!!!!

IAintMovin 01-28-2008 02:07 PM

Re: Stockton, CA. Foreclusure Capital Of US
 
WOW............ I am totally impressed...........4 post and the Tulsa Meeting has not yet been blamed for this little problem..........but Hey the first page aint over with yet..........


:happydance:happydance:happydance

Pressing-On 01-28-2008 02:08 PM

Re: Stockton, CA. Foreclusure Capital Of US
 
Quote:

Originally Posted by IAintMovin (Post 371392)
WOW............ I am totally impressed...........4 post and the Tulsa Meeting has not yet been blamed for this little problem..........but Hey the first page aint over with yet..........


:happydance:happydance:happydance

:toofunny:toofunny:toofunny

TRFrance 01-28-2008 02:13 PM

Re: Stockton, CA. Foreclosure Capital Of US
 
Theres a pretty big UPC in Stockton... used to be Haney's church.

I wonder if any saints in Stockton are affected by this.

Ferd 01-28-2008 02:16 PM

Re: Stockton, CA. Foreclusure Capital Of US
 
Quote:

Originally Posted by Monkeyman (Post 371387)
Yes true..but...at least we don't marry our cuzins!!!

well, folk that marry their cuzins generally dont defraud banks!

they might make a little moonshine and have gun fights with the revenuers and such, but they dont take out loans they cant pay!



and lets not kid ourselves, most folk in California, dont marry. they just shack up and who even knows if they is shacken with a person of different gender or not!

tamor 01-28-2008 02:22 PM

Re: Stockton, CA. Foreclusure Capital Of US
 
Quote:

Originally Posted by Ferd (Post 371424)
well, folk that marry their cuzins generally dont defraud banks!

they might make a little moonshine and have gun fights with the revenuers and such, but they dont take out loans they cant pay!



and lets not kid ourselves, most folk in California, dont marry. they just shack up and who even knows if they is shacken with a person of different gender or not!

Such words of wisdom....


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