Saturday, April 21, 2007

13,061 Homes Offered For Sale on Countrywide Financial's Website

Total Asking Price: $2,732,925,903
(As of October 16, 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 10 2,870,000 287,000
AL 132 13,330,000 100,985
AR 28 2,846,300 101,654
AZ 380 92,785,800 244,173
CA 3,212 1,146,934,257 357,078
CO 407 72,206,700 177,412
CT 79 18,502,400 234,208
DC 15 4,254,500 283,633
DE 14 3,513,600 250,971
FL 801 189,112,250 236,095
GA 655 86,221,600 131,636
HI 27 10,997,300 407,307
IA 45 3,631,834 80,707
ID 15 2,296,106 153,074
IL 363 57,452,150 158,270
IN 332 20,897,000 62,943
KS 62 5,343,800 86,190
KY 76 7,809,300 102,754
LA 52 5,924,900 113,940
MA 345 75,775,100 219,638
MD 129 42,404,400 328,716
ME 2 197,800 98,900
MI 1,562 111,654,170 71,482
MN 374 59,685,550 159,587
MO 314 30,835,774 98,203
MS 118 10,529,305 89,231
MT 6 1,559,400 259,900
NC 164 18,404,000 112,220
ND 4 366,600 91,650
NE 34 2,625,700 77,226
NH 70 15,916,820 227,383
NJ 79 22,670,300 286,966
NM 10 1,446,000 144,600
NV 599 188,316,650 314,385
NY 119 25,410,700 213,535
OH 677 38,970,949 57,564
OK 48 3,691,400 76,904
OR 32 7,254,800 226,713
PA 136 12,918,300 94,988
RI 55 11,200,600 203,647
SC 47 5,085,400 108,200
SD 9 1,276,100 141,789
TN 193 19,933,699 103,283
TX 583 88,135,299 151,175
UT 14 3,427,600 244,829
VA 477 159,030,200 333,397
WA 63 15,725,700 249,614
WI 63 7,095,790 112,632
WV 26 3,884,400 149,400
WY 4 567,600 141,900
Total13,0612,732,925,903175,194







CFC Asking price on October 8, 2007 was $599,900 for a California REO property shown on the chart above. The error on CFC's website is about half a billion too much for this house! I’m assuming Countrywide's intention was to drop the price to $574,900 from $599,900 instead of raising it over half a billion dollars to the $574,900,000 asking price.

Please consult Countrywide Financial for the correct price if you are interested in purchasing this property. All data provided here is AS IS. This blog is not affiliated with Countrywide Financial. :)

Update 10-17: (Hat Tip to Ace) Yet another rather important error on Countrywide Financial's REO Website: Incorrect Contact Phone Numbers
I would guess that CFC's listing agents will not be receiving many phone calls for the 13,000+ REO's listed on CFC's website since all contact phone numbers are wrong! The first three numbers of the last four numbers on all numbers are repeated. Click on screenshot below, the errors are highlighted in red.




Update 10-19: Countrywide has fixed both errors shown above.

.

4 comments:

Tyrone said...

Looks like CA is back on track.

A Unique Alias said...

Wow. I guess not too many nibbles at auction. :-/

Kevin said...

Yeah, looks like all the auction properties were put right back on again.

Bubble Sitter said...

All these errors....must be getting a bit difficult to handle 10,000....er 11,000....I mean 13,000 foreclosures....soon to be 20,000..........???