Morning Mortgage Meltdown: Foreclosures Up, Up, and Away!: Three months and 80,000 new California…

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Pearls of the Planet

Three months and 80,000 new California foreclosures. Still with us? Well then, let's look at some more incredibly depressing numbers. Statewide home repossessions have jumped more than 228% since last year. And as for the Bay Area, foreclosures are up 273%. Almost 200 of those homes earning the dread scarlet "F" can be found right here in our beautiful (and increasingly affordable?) city. Ouch. [SF Gate]For more stories from Curbed SF, go to sf.curbed.com.

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