Bay Area foreclosures rise again

March 12, 2009 6:47:44 PM PDT
Foreclosure activity took a surprising uptick in the Bay Area last month.

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The RealtyTrac information service reported Thursday that foreclosures went up 5 percent in California from January to February. Five of the nine Bay Area counties are up as well.

Every county in the Bay Area showed a year-to-year increase in foreclosures. Last month, there were more than 2,500 foreclosures in Alameda County, or one in every 218 homes.

The number of foreclosures nationwide jumped another 6 percent.

RealtyTrac says there were more than 290,000 default notices, auction sales, and bank repossessions in February.

Nevada, Arizona and California had the highest foreclosure rates.

Among cities, Las Vegas had the most foreclosures in the nation. Stockton came in third. Vallejo-Fairfield ranked seventh.

For a map of foreclosures by county, click here.

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