A real estate tracking firm announced Wednesday mortgage default notices in the Bay Area were up by 17.6 percent in the first quarter of this year, compared to the first quarter of 2008.
Statewide, the firm reported the number of notices rose 80 percent since the most prior quarter.
MacDonald, Dettwiler and Associates DataQuick is a subsidiary that monitors real estate activity nationwide and reports the information to county recording offices, among other institutions and public agencies.
It provided a report comparing default notices from January through March in 2008 and 2009.
Its report stated that lenders filed 19,438 notices in the Bay Area, comparing it to 16,531 notices in the same 2008 quarter.
Sonoma County was the only Bay Area county that decreased the number of notices with 1,241 in the first quarter, a 10.8 percent drop.
Napa County had the least amount of notices with 352, but it was a 23.9 percent increase since 2008.
The most notices were reported in Contra Costa County, with 4,016 and a 20.7 percent increase.
The biggest increase came through San Mateo County with 1,241 notices, serving a 36.2 percent increase.
San Francisco lenders filed 569 default notices, a 35.5 percent increase.
DataQuick is reporting that 135,431 notices were filed statewide, which is up by 19 percent compared to the first quarter of 2008, but up 80 percent from the quarter prior.
It reported that on primary mortgages, homeowners were a median of five months behind on payments when the lender filed the notice of default, and they owed a median of $12,926 on a $346,400 mortgage.
"While most first quarter 2009 foreclosure activity was still concentrated in affordable inland communities, there are signs that the
problem is slowly migrating into other areas," the firm stated.