"A growing number of homeowners in the Bay Area and throughout California fell behind on their mortgage payments in the second quarter."
"In the Bay Area, 2,910 homeowners received default notices from their lenders for the April-to-June quarter, up 37.1 percent from 2,123 notices in the same quarter a year ago, according to DataQuick, a La Jolla (San Diego County) real estate research company. That increase is the highest since the first quarter of 2001, when there was a 46.5 percent rise."
"The swell was bigger statewide as 20,752 default notices were sent out -- up 67.2 percent from the same quarter in 2005 and the highest increase for any quarter since DataQuick began tracking foreclosures 14 years ago."
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