There were 3,827 foreclosures in San Francisco between 2008 and 2012, representing a more than 500 percent increase in foreclosures over the prior five-year period, according to a report out from the city controller's office. Though the city fared much better during the housing downturn than other parts of the country, San Francisco still has 3,002 loans that are underwater or near underwater—nearly half of them in southern neighborhoods like Ingleside, the Excelsior, Crocker Amazon, and Bayview-Hunters Point. [SF Examiner]
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