STOCKTON – Foreclosure rates throughout the Central Valley fell in January as compared to the same period in 2014 according to CoreLogic, a company that tracks nationwide foreclosure rates. In the Stockton-Lodi region, rates shrank by 0.29 percent over the same time period last year, according to the company. In January, 2015, 0.68 percent of outstanding mortgages were in foreclosure as compare to 0.97 percent for January 2014.
In January, CoreLogic’s data showed that foreclosures in Modesto accounted for 0.65 percent of outstanding mortgages. That was a decrease of 0.25 percent from the same time in 2014.
CoreLogic said that 2.50 percent of mortgages in Stockton and Lodi were delinquent by 90 days or more in January. That was down from 3.63 percent for the same period last year. Modesto had a slightly higher delinquency rate at 2.52 percent, a drop of 0.86 percent for the same period in 2014... Read More