One city does not a pattern make:
Nationally, loans in the process of foreclosure and loans in delinquency declined slightly in the second quarter, compared with the same time last year, according to data released Sept. 10 by the Mortgage Bankers Association of America.
The real increase in foreclosures, will not come until after bankruptcies peak. First you go into bankruptcy because you can keep your home when you go bankrupt. It wont be until after people have eliminated all their other debts thru bankrupcy that you will then start to see homes foreclosures starting to increase. Not everyone who goes bankrupt will foreclose, since many will be able to make their house payments even with low wage jobs once they get rid of all their unsecured debt thru bankrupcy.