Indexes
December 1st, 2008
November 30th, 2008
November 29th, 2008
November 28th, 2008
November 27th, 2008
November 26th, 2008
November 25th, 2008
November 24th, 2008
The following stories have received the most reader comments during the last 7 days.
- Students 'protest' the eating of turkeys on Thanksgiving (82)
- Does citing the facts on immigration mean I am a hate-monger? (75)
- Minister takes to the streets to recruit new members (70)
- Huber upsets Sieglock in 10th Assembly race (34)
- Former gang member hopes to make a difference in Lodi (34)
- Is the U.S. Constitution obsolete? (30)
- Automakers need a simple car (30)
- Lodi fills position of deputy city manager (17)
- Update: Huber appears to have made comeback victory (16)
- Galt Boys and Girls Club in danger of closing (14)
ADVERTISEMENT
Gov announces foreclosure relief plan in Stockton
By News-Sentinel staff
Updated: Monday, July 21, 2008 3:59 PM PDT
First-time home buyers will be eligible to receive some extra help from the state if they are looking to purchase a home in the neighborhoods hit hardest by the recent foreclosure crisis.
Gov. Arnold Schwarzenegger appeared in front of a home for sale in Stockton today to announce that $200 million in loans will be available to those looking to buy their first home.
"This program will not only make it easier for families to purchase their first home, but will also help stabilize neighborhoods that have homes sitting emtpy," Schwarzenegger said in a statement released today.
Loans will be distributed in zip code areas that have reported high numbers of foreclosures. This includes area in San Joaquin, Stanislaus, Merced and Riverside counties.
The loan program will be run by the California Housing Finance Agency. Homes must fall at or under the agencies price limits and families must meet income requirements, according to information supplied by the governor's office.
The $200 million bond fund allocation will be provided by the California Debt Limit Allocation Committee.
For a list of foreclosed properties eligible for this program, visit http://www.calhfa.ca.gov/. Information on sales price limits and eligibility requirements is also available at http://www.calhfa.ca.gov/
First published: Monday, July 21, 2008
Search for Ads 
Today’s Print Ads 
RSS Feeds
Reader Feedback
Rhodie wrote on Jul 24, 2008 11:01 AM:
You want to keep your home, live on a budget, cut up the credit cards, quit buying cars every couple ov years and stop taking out taking out loans against your house every few years.
I understand those who have lost their jobs and need assistance, they should get the assistance they need. But not those who have treated their house as a never ending source of money then run cause they can't make the payments anymore. "It's not my fault they loaned me the money I asked for." What kind of attitude it this? "
Rhodie wrote on Jul 24, 2008 10:50 AM:
I have no symapthy for these home owners who continually borrow against their home then complain they can't make the payment. Three and four morgages to pay for vacations, boats and whatever other toy tickles your fancy is not the lenders fault.
This lack of symathy does not include those who have lost jobs, behave financially and actually feel some responsibilty for thier woes. cont. "
galt citizen wrote on Jul 23, 2008 8:59 PM:
s & W 500 wrote on Jul 23, 2008 7:08 PM:
How about $10,000.00 gas cards from money removed from these "programs" that enable low life milkers to remain individuals who are ruining our country by breeding laziness and state/fed reliance!
Come on! Stand up and work! Don't be lazy! Use a condom, or ask the people who tell you not to use them to subsidize your kids/food. I am tired of paying for YOU LFDB!! "
DanielH wrote on Jul 21, 2008 10:33 PM:
Peeps wrote on Jul 21, 2008 2:25 PM:
LodiReaderFromStockton wrote on Jul 21, 2008 2:05 PM:
Comments on this story are now closed.