Foreclosures in the Bay Area are up 300% for the quarter compared to a year ago. The bleeding will likely continue in the months ahead too.  Mortgage defaults, the first step to foreclosure, are also up about 150% for the quarter compared to a year ago.  Granted, things are not that bad in San Francisco county where only 124 homes were foreclosed out of the 6,579 homes foreclosed in the entire nine-county Bay Area region.

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