Since our economic crisis began two years ago the foreclosure rates in Stockton, Ca became one of the worst in the United States, which made LA times refer to this city as “Foreclosureville, USA.”

Housing value have dropped by sixty percent and about two-thirds of borrowers owe more on their mortgage than their home is worth.

This city is completely filled with sub-prime mortgages and with the unemployment rate at a terrible 16% foreclosure seems inevitable.

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Moe Bedard
My name is Maurice "Moe" Bedard. I am the founder of America's #1 Mortgage Forum, My online work has been featured in the New York Times, LA Times, Fox Business, and many other media publications.