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Ted Longley (L), a professional auctioneer, lists the latest foreclosed properties to a few prospective buyers gathering around him in a street of Stockton, CA, on 03/17/2008. No bids were raised during that session. Such street auctions have become common in Stockton and are held several times almost every day. 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.
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