(As of September 5, 2007)
Source: http://www.countrywide.com/purchase/f_reo.asp
Click on state below for detailed listings.
| State | Count | Total Asking Price($) | Average Asking Price($) |
| AK | 12 | 2,713,800 | 226,150 |
| AL | 109 | 11,549,300 | 105,957 |
| AR | 32 | 3,377,505 | 105,547 |
| AZ | 335 | 88,451,750 | 264,035 |
| CA | 2819 | 1,045,227,900 | 370,780 |
| CO | 324 | 61,361,005 | 189,386 |
| CT | 58 | 15,543,500 | 267,991 |
| DC | 18 | 5,539,200 | 307,733 |
| DE | 11 | 2,698,900 | 245,355 |
| FL | 680 | 168,004,800 | 247,066 |
| GA | 613 | 81,513,450 | 132,975 |
| HI | 16 | 7,423,400 | 463,963 |
| IA | 40 | 3,212,005 | 80,300 |
| ID | 8 | 1,071,200 | 133,900 |
| IL | 396 | 63,830,700 | 161,189 |
| IN | 282 | 18,274,300 | 64,802 |
| KS | 70 | 6,883,000 | 98,329 |
| KY | 71 | 7,436,719 | 104,743 |
| LA | 47 | 5,502,400 | 117,072 |
| MA | 319 | 71,420,700 | 223,889 |
| MD | 107 | 34,035,500 | 318,089 |
| ME | 6 | 561,400 | 93,567 |
| MI | 1509 | 107,706,156 | 71,376 |
| MN | 417 | 72,102,200 | 172,907 |
| MO | 319 | 32,410,690 | 101,601 |
| MS | 114 | 10,025,900 | 87,946 |
| MT | 8 | 1,869,200 | 233,650 |
| NC | 167 | 19,197,205 | 114,953 |
| ND | 5 | 433,500 | 86,700 |
| NE | 34 | 2,420,600 | 71,194 |
| NH | 63 | 14,663,100 | 232,748 |
| NJ | 69 | 19,652,200 | 284,814 |
| NM | 11 | 2,038,900 | 185,355 |
| NV | 476 | 160,153,790 | 336,458 |
| NY | 99 | 19,388,600 | 195,844 |
| OH | 637 | 35,634,350 | 55,941 |
| OK | 62 | 4,619,000 | 74,500 |
| OR | 23 | 6,255,700 | 271,987 |
| PA | 139 | 13,121,650 | 94,400 |
| RI | 46 | 9,270,500 | 201,533 |
| SC | 38 | 4,682,300 | 123,218 |
| SD | 8 | 1,122,200 | 140,275 |
| TN | 185 | 19,422,700 | 104,988 |
| TX | 501 | 77,030,100 | 153,753 |
| UT | 8 | 3,002,200 | 375,275 |
| VA | 374 | 126,863,500 | 339,207 |
| WA | 59 | 15,532,100 | 263,256 |
| WI | 66 | 8,497,600 | 128,752 |
| WV | 24 | 3,435,600 | 143,150 |
| WY | 2 | 182,800 | 91,400 |
| Total | 11,836 | 2,496,366,775 | 181,200 |
7 comments:
I do like to stop by your site to check and see how the numbers look from week to week. Thanks for putting the time and effort into your blog. I appreciate it.
Fantastic work - this graph is exciting to watch. With each passing week, I visit and get to see financial carnage simplified into a nice 2-D line drawing.
I personally love the CA graph, since that's where I live, but the national one is still reassuring.
Oy crapola...over a billion in California?
...and the curve looks to be waxing exponetial.
Holy crap! I'm in California and I'll bet 75% of the sheeple out here don't even know there's a billion in REO from just one lender. I hear people every single day saying prices have just flattened out and that they'll never go down, Arghhhhhh!. Even though I'm a lender, I want them to decline 75% so these pompous F'ing morons who think they are equity rich, will finally come to the realization that they now have a negative net worth. Funny how so many thought leverage only worked going in one direction ; )
This isn't the full list. You have to add their foreclosed homes on their ReconTrust Company. Countrywide owns this company. http://www.ctcres.com/home.asp
The following states have properties listed for Trustee Sale.
72 Alaska
2038 Arizona
100 Arkansas
3696 California
280 Idaho
109 Montana
2 Nebraska
537 Nevada
466 Oregon
93 Texas
54 Utah
249 Virginia
576 Washington
Countrywide screws customers by delaying mortgage payments to generate late fees.
The stats can be manipulated to make it look like prices aren't dropping. They don't have to count REO and auction sales. That will leave mostly higher end homes selling, thus pushing up median prices. Buy a REO or auction home and you will get a 30-50 percent discount from the fake comps.
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