Tuesday, May 8, 2007

14,698 REO's Offered For Sale on Countrywide Financial's Website

Total REO Asking Price: $3,030,293,944
(As of March 13, 2008)


Click on chart for larger image.

Source: http://www.countrywide.com/purchase/f_reo.asp

Click on state below for detailed listings
.

State Count Total Asking
Price($)
Average Asking
Price($)
AK05883,500176,700
AL11013,844,463125,859
AR323,889,650121,552
AZ699158,287,115226,448
CA4,3221,287,593,027297,916
CO33763,257,680187,708
CT8817,631,917200,363
DC165,124,400320,275
DE142,506,200179,014
FL1,459308,249,304211,274
GA71986,176,855119,857
HI219,505,000452,619
IA302,773,65392,455
ID265,357,588206,061
IL47672,579,965152,479
IN28516,768,59558,837
KS555,117,05093,037
KY686,230,59091,626
LA393,768,10096,618
MA27154,180,216199,927
MD20662,471,100303,258
ME07864,900123,557
MI1,14192,947,59681,462
MN38458,294,406151,808
MO24619,942,79081,068
MS787,006,83889,831
MT103,383,000338,300
NC12116,618,099137,340
ND06529,40088,233
NE202,814,100140,705
NH6613,394,600202,948
NJ10326,027,890252,698
NM111,907,000173,364
NV659172,390,118261,594
NY13432,151,200239,934
OH56531,933,41256,519
OK545,423,700100,439
OR4210,004,900238,212
PA12311,524,98893,699
RI6812,896,243189,651
SC545,464,425101,193
SD07897,300128,186
TN18819,413,754103,265
TX46065,129,994141,587
UT3612,837,363356,593
VA664188,576,783284,001
WA6417,132,600267,697
WI708,224,477117,493
WV335,530,700167,597
WY06835,400139,233
Total14,6983,030,293,944175,242










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5 comments:

Anonymous said...

I'm going to stick my neck out and say we've seen the peak. In 2 or 3 months the talking heads will probably start reporting that foreclosures peaked back in December. Once the first talking head reports this trend, the rest of the herd should soon follow and before you know it, all of the talking heads will be reporting that there is light at the end of the tunnel.

Ticker_tape_watcher

Short Sale Real Estate said...

With all this REO, how much longer can CW last?

Jackson said...

For most of the nation it actually looks like things are looking better. California and Florida still have lots of work to get back to normal though.

Anonymous said...

This i all Angelo Mozillo's fault. He wanted to retire and tanked the company for his annual bonus money, Here's a good look at why this might have happened:

Is Countrywide Founder & CEO Angelo Mozilo A Liar?

http://www.foreclosureslam.com/?q=node/4

Anonymous said...

This is for sure not the end of it. With $420bn worth of ARMs expiring in May-July the huge waive is to come somewhere 10-15 months from Oct 2008. Then, there is another waive awaiting to happent in 2010 wheb another $400bn worth of arms to expire in early 2009. Good luck to all of us