Sept 17- Stockton Record- "Stockton third in foreclosure notices" - Stockton was ranked third in the nation for foreclosure notices according to RealtyTrac. The tracking form noted that 1 in 100 housing units received a notice. Nationally, one in every 381 housing units received foreclosure notices.
Sept 17 - Los Angeles, AP - "Home sale decline in August" - California homes sales dropped 14 percent from the year ago period reaching the lowest period for the month in three years. (San Diego based DataQuick is reporting source). Bay Area homes fell 10.9 percent and median home prices dipped to $385,000. Foreclosures continue to account for over 30% of homes sales.
Sept 19 - Stockton Record - Weekly guide to Managing Money from Walls Street Journal -"Why it pays to pay off your mortgage early" The column suggests that for people with positive cashflow and available cash, might find additional payments to their mortgage as a "risk-free way to invest your surplus funds."
Sept 18 - Stockton Record - CLOSED listing real estate transaction for Aug 9-Aug 18 from information compiled from County records: Total sales: 165; Sales identified as Banks or REO-type: 86, with 46 different firms selling (top 3: Federal National Mortgage-12; Federal Home Loan Mortgage-11; Wells Fargo-11 ) New Homes: 7
Side note: 18 of the closings were Private Trust single sale transactions.
Focus on Stockton: Total: 74; REO: 44; New: 1
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