Weston Ranch (Stockton, California)

USA / California / French Camp / Stockton, California
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Weston Ranch subdivision - foreclosure capital USA

Sept 2007 - Stockton has acquired the unfortunate distinction of having the highest foreclosure rate of any US city, with one in 27 households left counting the cost of the credit crunch. Stockton's Weston Ranch neighborhood, a 15-year-old subdivision of modest tract homes, has the worst foreclosure rate in the area, according to ACORN, a national advocacy group for low and moderate-income families.
"It's not the CEO of Intel who lives in Weston Ranch, but the guy who details his car," Geri Taylor, broker at Weston Ranch Realty for twelve years told AFP. "They just were not prepared for this."
Nearby cities:
Coordinates:   37°54'23"N   121°18'22"W
  •  20 km
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This article was last modified 10 years ago