(As of March 13, 2008)
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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 | 05 | 883,500 | 176,700 |
| AL | 110 | 13,844,463 | 125,859 |
| AR | 32 | 3,889,650 | 121,552 |
| AZ | 699 | 158,287,115 | 226,448 |
| CA | 4,322 | 1,287,593,027 | 297,916 |
| CO | 337 | 63,257,680 | 187,708 |
| CT | 88 | 17,631,917 | 200,363 |
| DC | 16 | 5,124,400 | 320,275 |
| DE | 14 | 2,506,200 | 179,014 |
| FL | 1,459 | 308,249,304 | 211,274 |
| GA | 719 | 86,176,855 | 119,857 |
| HI | 21 | 9,505,000 | 452,619 |
| IA | 30 | 2,773,653 | 92,455 |
| ID | 26 | 5,357,588 | 206,061 |
| IL | 476 | 72,579,965 | 152,479 |
| IN | 285 | 16,768,595 | 58,837 |
| KS | 55 | 5,117,050 | 93,037 |
| KY | 68 | 6,230,590 | 91,626 |
| LA | 39 | 3,768,100 | 96,618 |
| MA | 271 | 54,180,216 | 199,927 |
| MD | 206 | 62,471,100 | 303,258 |
| ME | 07 | 864,900 | 123,557 |
| MI | 1,141 | 92,947,596 | 81,462 |
| MN | 384 | 58,294,406 | 151,808 |
| MO | 246 | 19,942,790 | 81,068 |
| MS | 78 | 7,006,838 | 89,831 |
| MT | 10 | 3,383,000 | 338,300 |
| NC | 121 | 16,618,099 | 137,340 |
| ND | 06 | 529,400 | 88,233 |
| NE | 20 | 2,814,100 | 140,705 |
| NH | 66 | 13,394,600 | 202,948 |
| NJ | 103 | 26,027,890 | 252,698 |
| NM | 11 | 1,907,000 | 173,364 |
| NV | 659 | 172,390,118 | 261,594 |
| NY | 134 | 32,151,200 | 239,934 |
| OH | 565 | 31,933,412 | 56,519 |
| OK | 54 | 5,423,700 | 100,439 |
| OR | 42 | 10,004,900 | 238,212 |
| PA | 123 | 11,524,988 | 93,699 |
| RI | 68 | 12,896,243 | 189,651 |
| SC | 54 | 5,464,425 | 101,193 |
| SD | 07 | 897,300 | 128,186 |
| TN | 188 | 19,413,754 | 103,265 |
| TX | 460 | 65,129,994 | 141,587 |
| UT | 36 | 12,837,363 | 356,593 |
| VA | 664 | 188,576,783 | 284,001 |
| WA | 64 | 17,132,600 | 267,697 |
| WI | 70 | 8,224,477 | 117,493 |
| WV | 33 | 5,530,700 | 167,597 |
| WY | 06 | 835,400 | 139,233 |
| Total | 14,698 | 3,030,293,944 | 175,242 |
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5 comments:
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
With all this REO, how much longer can CW last?
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.
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
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
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