a little about Weston Ranch - subdivision of Stockton, CA - in the rebuild stage

Weston Ranch is a subdivision located in the southwestern corner of Stockton, California and extends south through an unincorporated portion of San Joaquin County. This community is close to 20 years old and now has one of the highest foreclosure rates in the U.S for a community. Weston Ranch is a migration of individuals from the Bay Area. Many of these individuals continue to commute back to the Bay Area for work. Along with the City of Stockton being labled as the Ground Zero of foreclosures.

This rating is holding study now with over 584 homes in the Weston Ranch community that are in some form of distress:

• Pre-foreclosure
• Auction
• Bank owned (foreclosure)

According to one of the largest MLS listings for the Weston Ranch area - there are:

• 40 - Active - bank owned listings (DOM: 2-153 days)
• 31 - Short Sale listings (DOM: 4-378 days)
• 45 - Short Sale Contingent (offers sent to lender requesting Short Sale approval) (DOM: 3-644 days)
• * more listings are from out of the area agents - this is bulk of the listings (above)

For the City of Stockton here are the numbers:

• 599 - Active -bank owned listings
• 250 - Short Sale listings
• 442 - Short Sale Contingent
  

There is no noted data to tell how many Weston Ranch homeowners have applied for and been accepted for the HAMP (loan modification) program as of yet. I do know that when you pull the community tax records, there are pages and pages of either pre-foreclosure or bank owned properties. It is close to between 8-10,000 homes in Weston Ranch community – estimated population is between 40,000 – 50,000 residents. Some of the residential construction in the community of Weston Ranch are still in its last phases - incompleted.

The schools in Weston Ranch are part of the Manteca Unified School District and consists of :

• three elementary schools; August Knodt, George Y. Komure, and Great Valley,
• one high school: Weston Ranch High School.

The income range in Weston Ranch when it was first created ranged between low and moderate-income families. However, due to the loss of jobs/income and the number of foreclosures a large number of the residents have been hit hard with Hardships of loss of income, family issues, etc and become a foreclosure statistic.

Weston Ranch is still a good place to consider relocation for the first time buyers, relocations and for the investors. This community is in rebuild stage with all the families that have moved out due to the foreclosure force. There are some good deals in this community.