Stockton Foreclosure Listings

Bank Foreclosures in Stockton

Stockton is a beautiful city in Northern California, located about fifty miles south of Sacramento. It contains several waterways and is home to one of California’s two inland seaports. With ample trees populating the landscape, it is surprisingly green and lush, despite its record setting temperatures during the summer. Stockton is the thirteenth largest city in California in number of residents, largely due to the fact that it is in an excellent location, and has activities for those of all ages.

In 2010, Stockton was listed as one of the worst places to live in the United States. This label was given mainly because of the astonishing number of Stockton CA bank foreclosures in recent years. In 2007, 3% of its homes were listed in foreclosure. This caused the price of other homes in the area to fall which started a chain reaction that has dramatically affected the real estate market, the job market, and its overall economy. In 2008, Stockton had the highest foreclosure rate in the country.

This disproportionate amount of bank foreclosures has created unbelievably low prices for real estate, and for those looking to invest in foreclosures, it would be wise to take a look at Stockton’s foreclosure listings. The prices listed for properties range from $4,000 to $4 million. Lower prices are usually available for single family homes while the higher prices are generally offered for homes with large amounts of land.

Stockton is a very strategic location for those seeking employment in Northern California. It is centrally located between San Francisco and Sacramento, allowing for an easy commute to either metropolis. Stockton is a smaller, more relaxed community located in close proximity to large, hectic cities. There are excellent schools, universities, shopping, and cultural opportunities in Stockton.

Those who choose to invest in foreclosure properties either as a residences or income properties in Stockton will not be disappointed. The proclamation of it being one of the worst cities in which to live has caused several to shy away from the prospect, but those who have chosen to make Stockton their home have realized that the declaration was made purely based on economic factors and that in reality, it is a beautiful, comfortable, exciting place to live in.

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