From the latimes.com, and featured at CR:
“The number of homes in the $1-million-and-up market that have become bank owned has tripled during the last three years in Los Angeles County, and the trend has shown little sign of slowing.”
What about San Diego County? On Foreclosureradar.com you can search by approximate value, here are the number of detached properties over $1,000,000 that were foreclosed in SD County for the entire year:
2007 = 74
2008 = 103
2009 = 162
2010 = 126 so far.