Monday, March 26, 2007

8,726 REO's listed for sale on Countrywide Financial's website

Disregard the older date above.

Count: 8,726

Total Asking Price: $1,693,268,197
(As of June 12, 2007)





Source: http://www.countrywide.com/purchase/f_reo.asp
Click on state below for detailed listings.
State
Count
Total Asking Price($)
Single Family, Median Asking Price($)




12
2,944,800
-
103
12,356,800
82,400
32
3,882,797
99,900
201
55,217,900
199,900
1560
617,245,700
364,400
211
36,680,175
126,900
43
10,840,700
234,900
8
2,191,200
-
5
1,158,500
-
331
80,873,800
185,900
537
72,749,300
98,900
8
3,611,200
-
45
3,593,600
59,900
5
986,500
-
336
60,269,000
114,900
247
15,424,800
39,900
76
6,750,200
75,400
59
5,210,100
71,400
29
3,424,100
89,400
230
55,685,200
222,900
68
20,504,200
265,900
11
1,747,900
-
1370
108,592,590
56,900
309
55,235,600
161,450
279
29,586,734
69,900
76
6,591,697
54,900
3
476,700
-
131
12,913,300
63,900
5
291,500
-
31
2,993,000
87,900
56
13,428,400
200,900
58
19,158,900
297,900
14
2,098,600
-
301
104,944,000
299,900
88
16,888,400
173,900
575
36,731,749
52,900
63
4,405,700
59,400
14
3,776,700
-
117
10,685,500
60,900
42
9,267,800
192,400
41
4,213,000
74,400
9
1,196,100
-
143
13,263,605
69,900
529
77,134,950
100,900
6
1,301,400
-
193
64,610,500
284,900
1
228,900
-
30
8,529,000
212,900
67
8,878,600
105,000
17
2,331,900
-
1
164,900
-



Total
8,726
1,693,268,197
115,900




8 comments:

Anonymous said...

Can you offer an explnation ?

did they remove a lot of property ?

are there still new ones ?

for sometime I suspect they would find out about your web site and how you do it and will manipulate their web page....

there are many homes they KNOW would not sell and can remove those. Keep track I would not be surprized if they return in 2-3 month.

W.C. Varones said...

Could have been a big auction that cleared several properties. I know foreclosure auctions are firing up again in California, at least.

Anonymous said...

the drop is too high to be an auction.

Kevin said...

I double checked the CA #s and got 1560 as well, so it is not the script.
I'm thinking they might have stopped adding listings to the site. My belief is that the database is just getting to big.

The timeouts have been getting ridiculous lately, so they probably will wait to add more.

Anonymous said...

it is important to high light speratly the number of ADDED REO and removed REO.

if added is 0 this is key to understanding why total is down

Dimitris said...

Comparing the REOs Countrywide had published for sale on their site on June 5 vs those published for sale on June 12, I have 470 as being removed while 242 as being added.

Anonymous said...

Thanks. can you list those being removed ?

we should try and find out what occured with them in a week or two via trulia and zilow.

How many have they removed in previous weeks ?

Anonymous said...

CFC's priorities are strange, to say the least. They also, according to same source do not list foreclsoures on their CFC REO website until they have a realtor, which is often a month after the foreclosure. BTW, all those foreclosures are CFC BANK OWNED. If you include delqs, in CA alone, CFC has almost 9,000.


I think it would make sense to track New/removed seperatly.

a follow up on removed addresses would be important to understand IF they are sold and at what price