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Depsite an improving economy and government efforts to keep homeowners in their homes (HAFA and HAMP programs), foreclosures are still on the rise, especially in California. The San Francisco Bay Area has been especially hard hit. Some statistics: In 2010, foreclosure activity increased in 149 of the nation's 206 metropolitan areas with a population of 200,000 or more, according the foreclosure tracking company RealtyTrac. Also in 2010, more than 2.8 million homes in the U.S. had foreclosure filings. Banks, investors, and new homebuyers are often the ones to profit from foreclosures. Currently, in Alameda County, there are more than 7,000 properties … (0 comments)
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