Sunday, March 25, 2007

8,959 REO's listed for sale on Countrywide Financial's website

Count: 8,959
Total Asking Price: $1,754,140,835
(As of June 5, 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
-
102
11,829,900
81,900
31
3,810,100
85,950
210
57,899,100
199,900
1655
657,374,000
364,900
215
37,819,500
126,900
47
11,621,300
234,900
8
2,171,200
-
5
1,153,500
-
337
82,600,300
185,900
541
73,226,900
99,900
8
3,611,200
-
43
3,431,800
59,900
6
1,135,400
-
349
62,849,700
114,900
249
15,565,600
43,900
74
6,209,400
64,900
59
5,432,200
77,900
30
3,731,000
92,900
233
55,678,900
219,900
72
22,132,800
284,400
10
1,389,000
-
1418
111,877,290
56,900
318
57,416,800
159,900
279
28,658,019
70,148
76
6,540,122
53,900
3
470,700
-
132
13,144,200
65,450
5
281,500
-
31
2,984,000
84,900
56
13,368,400
201,900
59
19,379,900
299,900
15
2,075,500
-
308
107,072,300
299,900
88
17,349,300
176,400
584
36,540,349
50,900
59
4,310,100
58,400
15
4,191,600
-
122
11,141,000
61,900
39
8,514,100
189,400
41
4,160,000
71,400
9
1,196,100
-
149
14,018,005
72,900
538
78,053,150
99,400
6
1,389,400
-
196
65,685,200
284,900
1
228,900
-
32
8,741,800
212,900
65
8,984,800
105,000
17
2,482,900
-
2
267,800
-



Total
8,959
1,754,140,835
116,900



Nationwide



RealtyTrac National Avg.Year-to-Date
Foreclosures Sales Price $164,521





California



RealtyTrac California Avg.Year-to-Date
Foreclosures Sales Price $365,076









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7 comments:

Anonymous said...

This is a stunning trend. I picture CFC getting up to $3B and having to sell off all this inventory at a 30% discount. A quick $1B loss. Is this priced into their stock?

I am just waiting on the sidelines, waiting for this to start to bring down house prices to something more affordable.

Anonymous said...

Thank you. you are doing a great Job !!!!

I am the same one who is giving suggestions from once in a while and want to thank you for listening to the comments and the easy prsentation and quick implimentation.

Dimitris said...

I don't follow any news about countrywide. I just track the reo inventory that they have listed on their website because I think it's a very good indicator for following the trend in foreclosures.

Thanks for commenting.

Anonymous said...

http://bloomberg.com/apps/news?pid=20601109&sid=ar3L878k5YM4&refer=home

Anonymous said...

Fantastic chart! As a LA resident I love watching the California chart - glad to see you're still producing these.

I was worried for a while that the reason you switched to reporting news was that Countrywide had somehow blocked access to this feature of their website. I think if they knew you were logging their inventory they'd try to shut you down.

Dimitris said...

I started posting news about foreclosures because I was overtaken by the shear volume of distressed properties caused primarily (in my opinion) from predatory lending practices on the (putting it mildly) financially un-savvy.

More importantly, I’m happy to see that local, state and federal agencies have started cracking down on this insanity that has caused a great deal of suffering to many individuals, not to mention their families.

I’m glad you’re enjoying site. Thanks for the comment.

Anonymous said...

when is 10,000 ?