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The Subprime Mortgage Crisis in Stockton

The Subprime Mortgage Crisis in Stockton

© Frederic Neema/ picstock.com.All Rights Reserved

From Gallery: The Subprime Mortgage Crisis in Stockton

Filename: 24-2385

Photographer: Frederic Neema

Location: Stockton/ CA- United States

Caption: Prospective buyers are taken on a tourist-like bus tour to visit in a few hours a lot of foreclosed properties for sale in Stockton, CA, on March 8, 2008. The free tour is offered by real estate agent Cesar Diaz who runs repohometour.com. Stockton, formally a bucolic Californian farming town, is considered the epicenter of the subprime mortgage crisis in the US. Thousands have been foreclosed and more are expected in the near future.

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