Bank Owned "REO" properties in San Francisco still remain at far lower levels than other parts of the Bay Area, State and Country. Currently there are 21 Condos that are REO's in San Francisco. Click here for a PDF list of these REO's as of today, January 6, 2009.
Note from the list that within San Francisco the REO's are concentrated in certain parts of the city. The report lists the names of the neighborhoods, and if youclick here you can see a Map Report of the 21 San Francisco REO's.
Note that there are no REO's north of Geary Street (the map is lopped off to only show where the REO's are located) and that there is a concentration of REO's in the Bayview/Hunters Point (south eastern San Francisco) and in SOMA/Mission Bay (where all of the new and newer construction is located).
If you're interested in getting REO listings emailed to you the day they come on the market, visit www.Automated-HomeFinder.com and use the comments section to ask for REO's only.