Once known as the foreclosure capital of the world, Stockton, California will begin spending $12 million in federal housing aid in April.
Homeowner’s struggling to make mortgage and debt consolidation loan payments have left thousands of homes in disrepair in Stockton.
The spending will likely go to nonprofit groups that plan to flip the abandoned homes. A [...]
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California ranks second in the nation for foreclosure filings. The city of Stockton posted one foreclosure for every 31 households in the third quarter of 2007, the highest foreclosure rate among the 100 largest U.S. metropolitan areas in that period.
Relief could be on the way for weary homeowners. If elected, Hillary Clinton has proposed a [...]
Continue reading about Stockton California: Foreclosure Capital of United States
