stockton bankrupt & pending house purchase offer

I have gone into a purchase contract of a REO house (55k)

in Stockton with 5% deposit. As Stockton is in bankrupty,

any impact on the local house market? Should I keep the

contract or just give up the deposit?

Thanks a lot for all your advice.

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• what happened in Brentwood may -美西遊子- ♀ (56 bytes) () 06/29/2012 postreply 23:24:33

• less or no policeman in town? -美西遊子- ♀ (0 bytes) () 06/29/2012 postreply 23:26:13