San Diego and Riverside counties see sharp rise in California foreclosures

Foreclosure activity has shown a dramatic increase in San Diego and Riverside counties, far outpacing most of California and the rest of the nation, according to a foreclosure tracking firm, RealtyTrac.

Both San Diego and Riverside counties showed much higher rates of increase of properties in a stage of foreclosure than both the state and the nation. From the third quarter of 2005 to the third quarter of 2006, the rate of increase was 104 percent in California and 25 percent for the entire country.

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