Wednesday, April 23, 2008

Bay Area Foreclosures Spike Like You Wouldn't Believe

By Chris Thompson
Wed, Apr 23, 2008 at 8:39 AM

We knew it was coming, but Jesus! According to the latest numbers from DataQuick Information Services, banks foreclosed on more than 6,500 Bay Area homes in the last three months. That's four times the rate this time last year. And check out this chilling little euphemism, courtesy of the Chron. "We're still looking for some kind of a peak in foreclosure activity," said DataQuick analyst Andrew LaPage. Yeah, so are we all.

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