Wednesday, May 9, 2007

Count: 7,835 Homes in Inventory
Total Asking Price: $1,491,177,892
(As of 5/8/2007)


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
|





12 comments:

Cramer said...

Great job!

Dimitris said...

Thank you.

barnaby33 said...

Are these homes CFC owns, or is just the servicer on?
Josh

Anonymous said...

great work !!!

it would be intersting to check the sale amount for thos REO sold (via zillow)

Bakersfield Bubble said...

Nice work!

Anonymous said...

I wonder how much longer it will be until Countrywide tries to keep people from seeing this information.

Anonymous said...

"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!

Curious said...

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...

FL_Bust said...

wow .. great work .. thanks for making the post !

I am short CFC and this just boost my confidence ..

Anonymous said...

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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Anonymous said...

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 ?

Wesner Philo. Sci Blogs said...

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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