Sunday, April 29, 2007

14,442 Homes Offered For Sale on Countrywide Financial's Website

Total REO Asking Price: $3,018,718,134
(As of December 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 3,374,800 281,233
AL 121 12,955,164 107,067
AR 34 3,731,700 109,756
AZ 587 144,257,600 245,754
CA 3,896 1,280,121,345 328,573
CO 364 59,456,100 163,341
CT 98 21,184,500 216,168
DC 15 3,935,500 262,367
DE 12 2,527,800 210,650
FL 828 191,435,925 231,203
GA 701 92,619,800 132,125
HI 23 9,608,700 417,770
IA 50 3,892,842 77,857
ID 24 4,783,600 199,317
IL 480 76,601,879 159,587
IN 331 22,335,857 67,480
KS 55 6,452,800 117,324
KY 75 7,824,300 104,324
LA 46 5,142,400 111,791
MA 331 71,049,800 214,652
MD 188 58,993,400 313,795
ME 3 254,700 84,900
MI 1,632 119,230,580 73,058
MN 393 62,542,132 159,140
MO 313 32,030,841 102,335
MS 116 10,318,565 88,953
MT 9 2,346,100 260,678
NC 161 18,754,200 116,486
ND 2 96,800 48,400
NE 30 2,929,000 97,633
NH 72 15,390,900 213,763
NJ 92 25,068,900 272,488
NM 14 2,172,600 155,186
NV 632 177,584,200 280,988
NY 147 31,042,100 211,171
OH 522 32,558,390 62,372
OK 70 5,231,100 74,730
OR 42 10,819,900 257,617
PA 146 15,046,000 103,055
RI 55 9,859,400 179,262
SC 59 6,757,800 114,539
SD 4 561,600 140,400
TN 202 20,965,244 103,788
TX 565 81,264,370 143,831
UT 22 7,390,800 335,945
VA 675 212,143,300 314,286
WA 67 18,610,300 277,766
WI 87 9,564,400 109,936
WV 34 5,199,600 152,929
WY 5 698,500 139,700
Total14,4423,018,718,134174,949





.

11 comments:

Ben Bittrolff said...

Turns out foreclosed homes are expensive to carry. I bet the banks weren't expecting this: http://bespokeinvest.typepad.com/bespoke/2007/12/the-banks-are-i.html

Anonymous said...

if i had a buyer for the CT reo's asking 21m, do i have to be a broker to do this deal? If not please contact shawn morales@(916)248-2992

thanks

Worried... said...

Seems that everyone is falling victim to this...I found some great info on http://www.helponforeclosure.com/

upthecreek said...

countrywide is still dumping its foreclosures for any price....all they want are fast escrows..these are desperate times for CFC

Anonymous said...

Don't deposit at Countrywide banks and financial centers. Learn more about the national mortgage crisis and Countrywide's role in it. Visit www.dontdepositatcountrywide.info

chris g said...

You may appreciate the following anecdote.

I have an investor friend who has been extremely busy trying to do short sales through various banks. He is generally finding that the banks are overwhelmed, but he says this is especially true with Countrywide.

He says they have set up walls where it is impossible to speak with a loss mitigator unless the loss mitigator returns your call. When you call, you reach a person who, at best, will transfer your call to an assistant for the loss mitigator. The assistant takes all messages. You can set up an appointment to speak with the loss mitigator, but you are lucky if the loss mitigator calls at the appointed time. Usually the mitigator doesn't call.

I know this is just one experience, but if this is generally true across Countrywide, the REO's should continue to increase as they simply do not have the resources to prevent these properties from going to the sheriff sale.

On the other hand, my friend is very complimentary of Washington Mutual. They have been calling my friend even when a call wasn't expected. They've got their house in order and they're willing to negotiate and get some short sales approved.

UPTHECREEK said...

Just Got the word from a local Realtor that deals with countrywide on Short Sales..
CFC is dragging their feet on these offers(3-5 weeks) ..buyers are getting cold feet and dropping offers...meanwhile property values in North Orange county are still falling....Get off your ass Angelo...

Nelson O said...

Baron Rothschild, the quintessential banking opportunist, is said to have advised that the best time to buy is when there is "blood in the streets."
At <$10 a share and Geo. Soros biting off a Billion, I'm in.

Who, What, When, Where, Why? said...

Why so few foreclosures listed for Countrywide on the website when they have many many more foreclosures than that?

Anonymous said...

I'm trying to purchase a property listed in Countrywide REO link. I tried several times tocontact the selling agent listed there. I got no reply. Can anyone give me some tips about how to contact the right person to negotiate the purchase?

Nelson O said...

Can't reach the agent? Call the Broker.
Good Luck!