Total number of San Francisco REO's (Real Estate Owned by a Bank) is 23 Condos, Lofts and TIC's actively For-Sale on the MLS. Click here for the current list of REO's. If the page doesn't open it means you're reading this past 30 of this writing, so please look to the top of this blog for a new list.
23 REO's out of 949 currently For Sale condos, lofts, coops and TIC's in the San Francisco MLS is a mere 2.4% compared to what I hear can be 30% or more in badly hit areas. With the government trying to get banks to do loan modifications, while several of the bigger banks with moratoriums on foreclosures, that number is likely to remain low for a while... albeit artificially low.