What is your City, County or State doing to help the foreclosure problems? 

What are the stats for foreclosure in your City, County, State or coverage area?

My major city of coverage is Stockton, CA.  I found lots of good news on the website on what Stockton is doing to educate people of what to do if they are in danger of getting into foreclosure and what resources are available to them if they are in foreclosure.  Here is what I found out.....

There are over 196,000 foreclosures in US.  Stockton was rated with the highest number of foreclosures in the nation in October and have not improved much from that since.

If you fail to make your mortgage payments, your bank or lender may issue an NOD, or Notice of Default. This is essentially a notice that you were late in making your mortgage payment and that legal action may be taken. If you continue to be delinquent, the bank or lender may repossess your home.

  The question on what options do the City of Stockton gives to their homeowners, please check out the Foreclosure Prevention and Information on what foreclosures are and how to get help, check out: Foreclosure Prevention. 

Foreclosure workshop was set given at the Stockton Arena on Dec. 1.