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ForeclosureS.com releases 1st quarter report
May 24, 2006

By COCO SALAZAR

Foreclosure activity has picked up this year and the outlook isn't rosy.

Across 918 counties nationwide, first quarter foreclosures amounted to
217,849, rising 23% from the fourth quarter and 31% above the level a
year earlier, according to ForeclosureS.com, a nationwide foreclosure
lists publisher.

In the West, high-risk adjustable-rate mortgage resets to fully
amortized payment schedules, in combination with rising interest rates,
flattening price appreciation, ...   more »