Source: http://www.countrywide.com/purchase/f_reo.asp | ||||
Click on state below for detailed listings. | ||||
State | Count | Total Asking Price($) | Single Family, Median Asking Price($) | |
9 | 1,894,100 | - | ||
110 | 11,948,000 | 80,900 | ||
33 | 3,567,800 | 88,900 | ||
159 | 45,154,700 | 219,900 | ||
1298 | 513,460,400 | 369,900 | ||
243 | 41,919,700 | 137,900 | ||
43 | 12,168,900 | 234,900 | ||
10 | 3,124,000 | - | ||
4 | 924,600 | - | ||
294 | 70,361,500 | 185,400 | ||
512 | 69,919,290 | 99,900 | ||
3 | 1,583,700 | - | ||
37 | 3,146,505 | 63,400 | ||
3 | 676,700 | - | ||
292 | 51,597,000 | 119,900 | ||
262 | 15,731,980 | 39,400 | ||
62 | 5,364,550 | 61,900 | ||
49 | 4,049,700 | 69,400 | ||
32 | 3,713,800 | 98,900 | ||
200 | 46,947,600 | 224,900 | ||
42 | 13,059,800 | 215,400 | ||
7 | 942,300 | - | ||
1070 | 89,279,488 | 59,900 | ||
269 | 48,729,700 | 163,400 | ||
288 | 30,274,265 | 70,900 | ||
74 | 6,086,155 | 61,900 | ||
2 | 409,800 | - | ||
130 | 14,383,300 | 78,450 | ||
5 | 317,500 | - | ||
24 | 2,805,300 | 106,900 | ||
43 | 9,134,700 | 206,900 | ||
60 | 20,071,100 | 315,900 | ||
15 | 2,113,500 | - | ||
254 | 89,953,800 | 281,900 | ||
85 | 16,543,900 | 170,900 | ||
529 | 33,555,999 | 53,900 | ||
66 | 4,766,500 | 56,900 | ||
12 | 2,289,900 | - | ||
112 | 9,491,400 | 56,000 | ||
39 | 8,187,100 | 199,400 | ||
46 | 4,781,400 | 76,900 | ||
8 | 1,097,200 | - | ||
149 | 13,611,480 | 73,900 | ||
547 | 78,298,080 | 99,900 | ||
5 | 1,680,500 | - | ||
184 | 62,728,800 | 277,900 | ||
0 | 0 | - | ||
28 | 7,429,300 | 178,900 | ||
69 | 9,588,300 | 106,900 | ||
17 | 2,147,900 | - | ||
1 | 164,900 | - | ||
Total | 7,835 | 1,491,177,892 | 113,900 |
Tracking the economic effects of the housing bubble (crash) as a result of years of loose monetary policy.
Wednesday, May 9, 2007
Count: 7,835 Homes in Inventory
Total Asking Price: $1,491,177,892
(As of 5/8/2007)
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11 comments:
Great job!
Are these homes CFC owns, or is just the servicer on?
Josh
great work !!!
it would be intersting to check the sale amount for thos REO sold (via zillow)
Nice work!
I wonder how much longer it will be until Countrywide tries to keep people from seeing this information.
"I wonder how much longer it will be until Countrywide tries to keep people from seeing this information."
All these listings are displayed on Countrywide's website. If they didn't want people to know how many REO's they have for sale then they wouldn't be listing them on their website.
http://www.countrywide.com/purchase/f_reo.asp
It's not only countrywide who has REO inventory increasing, foreclosures are increasing nationwide!
Can someone tell me what happens with all this inventory? Do thay plan on getting into the landlord game? Are they waiting out the "temporary" storm? Doesn't this represent a hellish burn rate paying off the MBS investors? I can't understand why in a declining market, rational bank managers would choose to outbid the public at forclosure auctions instead of cutting their losses. My RE capitol is safely tucked away in CD's and other investments until the above makes sense. If CFC wants to sell me a loan/house/both, they can start by answering these questions. Otherwise I just see artificial price fixing and market manipulation. Good luck with that, let me know how it works out...
wow .. great work .. thanks for making the post !
I am short CFC and this just boost my confidence ..
http://www.bloomberg.com/apps/news?pid=20601087&sid=aygOoDr2GA0k&refer=home
theses are the type of mortgage sold back and promoted by Countyrwide
is Cramer’s Mad Money getting paid.
Shall the pres. return all his bonuses earned on “loans origination”.
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what is the Avg price of homes added each month ?
is the price going up showing the problem move from sub prime to higher quality homes ?
I wonder what this Foreclosure crisis will effect those who are still working hard just to achieve the American Dream?
Avoid Foreclosure
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