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Foreclosures = 1 in 3 Resales

Forclosures now account for one in three home resales in California, while the number of default notices sent to homeowners rose 143% from a year ago, according to Inman News. Sounds drastic, doesn't it? Spin always does: Foreclosure resales account for only 5.1 of sales in San Francisco County, putting us in the winner's circle (if there is such a thing these days!). [Inman News]