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Foreclosures Batter Even Wealthy Marin County

//yeti-cir-test.s3.amazonaws.com/uploaded/images/2010/7/foreclosure-sign/original/foreclosure sign.jpg

c. iStockphoto.com/KLH49
c. iStockphoto.com/KLH49

Foreclosures continue to batter the Bay Area, even wealthy Marin County, reports Will Jason in the Marin Independent Journal.

Jason reports the number of foreclosures in Marin increased by 15 percent this year. There were 403 foreclosures though the first week of December compared with 351 during the same period of time last year.

"Foreclosures to date have been concentrated in Marin's relatively low-cost cities of Novato and San Rafael, but it appears they are spreading throughout the county," the IJ reports. "Through the first week of December, 67 percent of Marin foreclosures were in those two cities, down from 75 percent in the same period of 2009."

Comparatively speaking, however, Marin's homeowners are doing much better those in the rest of the Bay Area. In Contra Costa County, for example, there were more than 12,000 foreclosures between January and November this year.

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