Monday, May 7, 2007

15,500 REO's Offered For Sale on Countrywide Financial's Website

Total REO Asking Price: $3,147,891,921
(As of March 5, 2008)

Click on chart for sharper image.

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


Click on state below for detailed listings
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State Count Total Asking
Price($)
Average Asking
Price($)
AK05873,500174,700
AL11214,605,153130,403
AR364,456,250123,785
AZ728165,073,838226,750
CA4,3821,310,068,579298,966
CO38570,652,695183,513
CT9218,441,217200,448
DC154,754,500316,967
DE152,812,100187,473
FL1,422304,885,337214,406
GA75993,837,550123,633
HI219,478,000451,333
IA353,280,90093,740
ID275,699,488211,092
IL51781,181,147157,023
IN29117,973,79561,766
KS605,604,00093,400
KY696,041,49087,558
LA424,215,800100,376
MA28256,744,346201,221
MD21967,147,900306,611
ME05669,500133,900
MI1,406106,505,12775,750
MN42062,615,750149,085
MO29525,781,26387,394
MS877,666,03888,115
MT082,423,200302,900
NC12815,700,900122,663
ND05521,500104,300
NE283,659,200130,686
NH7114,477,100203,903
NJ11128,519,104256,929
NM122,071,900172,658
NV742192,307,508259,175
NY14034,024,800243,034
OH60434,857,51757,711
OK555,105,80092,833
OR4710,939,300232,751
PA12812,828,600100,223
RI7013,347,134190,673
SC576,327,425111,007
SD07760,300108,614
TN20420,246,52299,248
TX46363,075,217136,232
UT4113,685,163333,784
VA656186,304,206284,000
WA7719,810,400257,278
WI789,088,962116,525
WV355,915,500169,014
WY06829,400138,233
Total15,5003,147,891,921174,076










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5 comments:

radman said...

Now that's more like it. So why don't you show us the other 70-80,000 REO's waiting in the wings?
Betcha the BofA deal never flies. CFC is the new World Com/Enron of mortgage lending.

Bubble Sitter said...

The 400 unit jump in inventory is probably the return of the unsold houses in the latest US Home Auction sale. When the auctioneer can place shill bids on houses to pump up the price, they just go back into the foreclosure pool. I think people are finally understanding why reserve prices and shill bidding don't produce good opportunities for the buyers. Perhaps now we will see real auctions taking place!

Anonymous said...

It's interesting that the financial talking heads are just now reporting that Q4 '07 had the foreclosures in many years. Article at Marketwatch.com made it sound like it was a big surprise. If the overall downtrend shown on your charts continues, then in around two months, the talking heads will be reporting the worst is over.

Ticker_tape_watcher

Aaron said...

Are these listings actually current? I live in Charlotte, NC and recognize several of these that were on my MLS a while back, but have since been sold. What gives?

Concerned Citizen said...

The untold story here is that most of the inventory is crap. I just checked listings in my area and they're all right next to the 101, which is the least desireable place to live on the Bay Area peninsula. Higher quality locations are holding their value just fine, thank you.