Bay Area foreclosure filings surge

Oakland Tribune | April 22, 2009| | Copyright

In the first three months of the year in the Bay Area and in California, notices of defaults nearly doubled from the previous quarter following a temporary lull in foreclosure filings linked to passage of a state law. At the same time, rising unemployment continues to push up foreclosure activity.

Statewide, lenders filed 135,431 notices of default, the first step in the foreclosure process that happens when borrowers fall behind on monthly mortgage payments, said the quarterly report released Wednesday by MDA DataQuick.

That's an 80 percent increase from the last three months of 2008 and a 19 ...

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