There was a 40% spike in the foreclosure notices sent out in January over last year in the Bay Area. In Alameda County the increase was 30.1% over last year. According to RealtyTrac a total of 2,615 homes received a notice of default in January. Nationwide there was a decline of 27% from a year ago - the 12th consecutive year on year decline. Delinquency rates in California seem to be bucking the trend.
In Contra Costa the NOD's for January were up by 51.3% over last year!
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