Bay Area foreclosure activity on rise: Analysts say region is doing better than the state and default notification increase is below record levels.

Contra Costa Times (Walnut Creek, CA) | August 3, 2006 | Copyright

Byline: Barbara E. Hernandez

Aug. 3--The East Bay saw a big jump in foreclosure activity in the second quarter compared with the previous year, but still below historical levels and lower than most of the rest of California.

"Generally, the Bay Area is one of the least likely regions in the state where mortgages go into default," said Andrew LePage, analyst for La Jolla-based DataQuick Information Systems. LePage said the area's high incomes and education levels seem to keep defaults lower.

In Alameda County, there were 649 default notices sent, ...

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