Foreclosures Surge in Southwest

Foreclosures in several Southwestern states have already far exceeded those for all of 2005, according to ForeclosureS.com, a Fair Oaks, Calif.-based investment advisory firm.Alexis McGee, president of the firm, said California, Texas, and Colorado have among the highest foreclosure numbers in the nation. In California, foreclosures have reached 117,560, a level that surpasses by 45% the 80,989 filings recorded last year. Texas has recorded 90,620 foreclosures, up 14.7% from 79,012 for all of 2005, and Colorado's foreclosure total has reached 54,959, a 25% increase from 43,951 last year, ForeclosureS.com reported. The company can be found online at http://www.foreclosures.com.