According to Barbara Corcoran on CNBC this week 1 in 30 homes in Stockton are in foreclosure - this is causing lots of problems with vandals stealing from the homes, and vagrants moving into them and camping out.
Sacramento is one of the top cities for homeowners with the highest density of debt which is driving the foreclosure market there. Both Stockton and Sacramento are included as two of six cities across the country with these outstanting features. (The other include two in Michigan, one in Florida, and on in Illinois).
Click on the link below to watch the video.
http://www.msnbc.msn.com/id/21134540/vp/24839477#24539239
Wednesday, May 28, 2008
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