Foreclosures Up in Several W, SW Markets

Meanwhile, foreclosures rose significantly in several Western and Southwestern housing markets in the first quarter, according to ForeclosureS.com, a Fair Oaks, Calif.-based investment advisory firm.Alexis McGee, president of the firm, said the increases coincided with the cooling of previously overheated markets. "The biggest increases were in major urban centers around the West," Ms. McGee reported. "For example, Los Angeles County recorded 6,314 pre-foreclosure filings and foreclosures through March, up from 4,911 in Q4 of 2005, while in San Diego the numbers jumped from 1,565 in Q4 of 2005 to 2,241 in Q1 of 2006." The company can be found online at http://www.foreclosures.com.