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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. |
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!
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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. |
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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 |
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Theres a pretty big UPC in Stockton... used to be Haney's church.
I wonder if any saints in Stockton are affected by this. |
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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! |
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