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The number of default notices sent to San Diego County homeowners in the first three months of 2007 increased 156 percent from the same time last year, the highest quarterly figure in 11 years.
The 3,931 notices, sent to borrowers who’d missed mortgage payments, fell below the record set in first quarter 1996, when 5,139 such notices were sent.
Statewide, the number of default notices reached the highest level since second quarter 1997. The 46,760 notices were up 23 percent from last quarter and up 148 percent from first quarter 2006.
Update: Whoops, I forgot to attribute these numbers to DataQuick Information Systems, who reported the data today.