5120 Virtue Arc Dr, Stockton CA 95207
Deal Failed ~ Back on Market!
On September 11, 2010 at 11:00 AM, you are invited to an Open House at 5120 Virtue Arc Drive in Stockton. If you are looking for a Single-family (REO) property in this area, don’t miss this rare opportunity to visit this magnificent property. For a preview of this Single-family (REO) property, check out my site at RealtyWorldDaveThurman.com. Please do not hesitate to Contact Me if you have any questions or wish to schedule a private showing.
Where is this real estate market going? Today, published in our local newspaper “The Record”
WASHINGTON (AP) Home construction plunged last month to the lowest level since October as the economy remained weak and demand for housing plummeted.
SAN DIEGO (AP) — A research firm reports mortgage default notices in California are at their lowest levels in three years after a fifth-straight quarterly decline.
***Below is a blog from Realty World Northern California & Nevada***
Foreclosures Likely to Surpass 2009 Levels
Repossessions climbed 38 percent in the first six months of 2010 compared 2009 and were up 5 percent from the first quarter, foreclosure listing service RealtyTrac announced Thursday.
In all, lenders repossessed nearly 528,000 homes in the first six months of the year. If that rate continues through the end of the year, repossessions will likely top 1 million in 2010, up 100,000 from 2009. [Read More]
Are you confused yet? Well I’m not! The real estate market is not getting any better since the government got involved in trying to help certain homeowners with workouts, modifications, short sales and foreclosure delays with the intent of helping troubled borrowers.
The real estate market is not going to recover unless the government allows the market to be free and a lender can enforce the terms of a note secured by a deed of trust. It really is that simple!
Less government, less regulation and less taxes will improve the economy!
Foreclosure Sale!
Weston Ranch is a subdivision located in the southwestern corner of Stockton, California and extends south through an unincorporated portion of San Joaquin County. There are approximately 6,500 homes in the Weston Ranch community. According to the 2000 census, the population of the Weston Ranch community was approximately 30,686.
The Weston Ranch neighborhood, a 15-year-old subdivision of modest tract homes, has the worst foreclosure rate in the United States according to ACORN, a national advocacy group for low and moderate-income families.
Recently, I have been door knocking in the Weston Ranch subdivision looking for new listings. I have been amazed that there are much fewer “For Sale” signs in the area and that obviously the foreclosure crisis appears to be improving. I think many new homeowners have taken advantage of the very distressed prices of the last couple of years in Weston Ranch and now the area is starting to show signs of pride of ownership.
Of course there still are many older homeowners who are up-side-down or have a huge negative equity, but I think finally there is improvement in the Weston Ranch area regarding the hope of increased market values in the future.
In my opinion, the Weston Ranch Stockton prices are at unbelievable low price levels and are a bargain for the first-time home buyer and rental investors.
On June 20, 2010 at 11:00 AM, you are invited to an Open House at 5120 Virtue Arc Drive in Stockton. If you are looking for a Single-family (REO) property in this area, don’t miss this rare opportunity to visit this magnificent property. For a preview of this Single-family (REO) property, check out my site at RealtyWorldDaveThurman.com. Please do not hesitate to contact me if you have any questions or wish to schedule a private showing.
5120 Virtue Arc Dr, Stockton CA 95207
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