"Banks have moved to whittle away a rising pile of foreclosed houses. The lenders are more aggressive in their quest to unload the residences whose loans defaulted.
During November, 446 foreclosed homes were sold in the nine-county Bay Area. That's 11 percent of all the home resales in the region in that month, according to an analysis by the Times of sales data compiled by Dataquick Information Systems.
In the East Bay, 229 foreclosed homes were sold in November -- 16 percent of all the resales in that area.
Banks and other lenders now account for a sharply rising share of the homes being sold in the Bay Area and East Bay. A year ago, 1 percent of all home resales in the Bay Area involved a foreclosed house....." Vacant Home Insurance
