The percentage of “underwater” homes worth less than they are mortgaged for rose sharply in San Mateo County in the first quarter of this year, more than in any other Bay Area county.

San Mateo County homes suffering from what is known as negative equity rose to 17.5 percent in the first quarter of this year as compared to 11 percent last year, Zillow.com reported.

B'game is in the category of decreasing forclosure rates.  The chart from Adrienne Tissier's office isn't very clear, but we had 75 foreclosures as of Jan. 2011 vs 86 as of Feb. 2010.  I'm not sure I believe those are one month figures especially when you look at cities like Daly City where the figure is 791 for January.  Perhaps some local realtor or mortgage broker can verify or correct these numbers?