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bank owned: SF East Bay Housing Statisitics & REO Surprise - 01/18/08 07:17 PM
It seems that every day now, we see more and more properties for sale that are listed as REO (Bank Owned Foreclosures), and/or Short Sales.
Our team, has always run numbers as a means to better understand our markets. We researched the EBRD multiple listings service, following a conversation that we had last night. We were not surprised as to which cities had a higher percentage of REOs.
However, we did not expect the number for the entire San Francisco East Bay area to be this high, 21%. That means that roughly one in five houses that are for sale, are Bank Owned … (1 comments)

 

Glen Bell

El Cerrito, CA

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Better Homes & Gardens, Mason McDuffie

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