Stockton california Mortgage News

Stockton Unified, City Hall may soon become roommates at WaMu building (The Record)
STOCKTON - Stockton Unified School District is working to find a new headquarters for its administrative offices, and the downtown Washington Mutual building - which is gradually being converted into a new City Hall - has emerged as a strong candidate.

Housing market is still in cellar (Ventura County Star)
Michael Greaves has two words when asked to describe the real estate market. "It's dead," the Ventura real estate investor said. "This whole year has been a joke." November looked bleak, extending a yearlong slew of bad news across the nation: sluggish sales and declining values.

Rent-to-own an option in tough real estate market (San Francisco Chronicle)
In these times, when some plummeting markets have vaporized half of the value of their single largest asset, putting together a traditional deal to sell has become an ordeal sometimes bordering on the impossible. Homeowners who find themselves in distress,...

Analysis: Despite recession, positive signs in Cape Fear area (The Wilmington Star-News)
This time of year, it helps to have some good news - even if it's just hope for the future.

Zillow: Homeowners losing $2 trillion; Stockton tops list (BizJournals)
With 2008 on track to be the worst year in decades for the housing market, a new report shows that American homeowners collectively will lose more than $2 trillion in home value this year. And much of that loss is in Northern California.

Distressed sales of homes triple in 2008 (Orange County Register)
Properties sold in foreclosure, default or short have gone up three times in California.

Free forum offers help to homeowners facing foreclosure (The Sacramento Bee)
Nine months after its first sweep through California offering alternatives to foreclosure, the national lender coalition Hope Now is back with a foreclosure-prevention workshop in Sacramento on Thursday. The free event will run from 3 p.m. to 9 p.m. at the Sacramento Convention Center, 1400 J St., organizers said Monday. More than 14,000 Sacramento-area borrowers received mailed ...

Home values seen losing over $2 trillion during 2008 (Reuters via Yahoo! News)
Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday.

San Joaquin county to use federal funds to fight foreclosure blight (Pleasanton Tri-Valley Herald)
Will purchase and resell homes at discounted rates to help neighborhoods