Stockton city, California is the seat of San Joaquin County and the fifth largest agricultural county in US. Today Stockton foreclosure homes is causing grave concern although it is the 13th largest among California cities. Stockton foreclosure homes seems impossible as the city is surrounded by miles and miles of rich fertile land and is well connected with waterways. In this paradise known as the Californian delta how can Stockton foreclosure homes prowl around? Till recently there has been a population boom – a sign of regional prosperity. Many have come here to escape from the high cost of living in the San Francisco Bay Area. This however raised the cost of living – the very thing the people were running away. So many factors combined to lead to the rise of Stockton foreclosure homes.
In Stockton the Stockton foreclosure homes rate rose by 169% from 2006 in 2007. Two thirds of the house up for sale here are Stockton foreclosure homes. According to latest reliable figures the number of Stockton foreclosure homes jumped by 57% compared to the number of Stockton foreclosure homes in January of 2007. The Stockton foreclosure homes are houses repossessed by the banks – properties that the banks failed to sell during a government auction. The national rate for foreclosures last month was one for every 534 houses. The number of Stockton foreclosure homes made the city rank second with one out of 97 houses in foreclosure.
Stockton foreclosure homes are the star attractions of bus tours meandering around Stockton. The concept was the brain child of Sheree Cox a real estate agent of repute in this region. On Saturday 15 March her schedule includes taking the Stockton foreclosure homes bus around two of the most newly developed areas in Stockton – Brookside and Spanos Park. The Stockton foreclosure homes tour bus accommodating 50 passengers had been fully booked in advance. The passengers will be seeing 15 Stockton foreclosure homes ranging from $250,000 to $400,000. The average price of these Stockton foreclosure homes is $100,000 less than the non-foreclosure houses. The market for foreclosed properties has gone up and offers are coming in. The bus tours seems to be paying dividends. It was in last autumn that the idea of bus tours to view foreclosed units first kicked off in Stockton. Since then the idea has caught on to various parts of the country. Cox is the only person in this area conducting such a tour and she has done her company proud by focusing on the best Stockton foreclosure homes.
