Wednesday, May 16, 2007

14,029 REO Offered For Sale on Countrywide Financial's Website

Total REO Asking Price: $2,595,030,003
(As of June 16, 2008)


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($)
Average Asking
Price($)
AK061,339,400223,233
AL13314,887,600111,937
AR272,591,40095,978
AZ678137,286,887202,488
CA3,524902,656,367256,145
CO24244,070,932182,111
CT14426,270,523182,434
DC247,042,600293,442
DE223,642,799165,582
FL1,604304,264,164189,691
GA67984,211,118124,022
HI228,249,900374,995
IA414,326,438105,523
ID4011,871,034296,776
IL52578,627,287149,766
IN26817,342,95364,713
KS455,080,500112,900
KY908,307,79792,309
LA302,501,00083,367
MA28146,659,089166,047
MD25571,423,299280,091
ME121,256,800104,733
MI1,09492,393,31784,455
MN48272,186,813149,765
MO22020,570,21693,501
MS808,272,803103,410
MT071,554,300222,043
NC12424,807,348200,059
ND03314,700104,900
NE182,407,800133,767
NH7012,774,398182,491
NJ17142,431,849248,139
NM182,386,300132,572
NV546124,162,900227,405
NY14334,386,098240,462
OH42325,874,38061,169
OK302,616,20087,207
OR7216,600,800230,567
PA12413,772,686111,070
RI8314,218,800171,311
SC727,690,399106,811
SD07652,40093,200
TN21120,276,33496,096
TX46364,806,898139,972
UT3513,583,100388,089
VA628153,753,467244,830
WA8623,835,700277,159
WI838,304,810100,058
WV406,032,700150,818
WY04452,600113,150
Total14,0292,595,030,003167,055









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8 comments:

Anonymous said...

That's definitely headed in the wrong direction for a recovery.

Ticker_tape_watcher

Wadin' In said...

When CFC lists houses with the Shill Auction Houses, the REO inventory is not listed here. My guess is the auctions are not selling the houses like they did 6 months ago, so much of the inventory is coming back to the bank to sell the old fashioned way.....listing it with a Used House Salesperson (tm).

The auction houses just had big June events, so the returned, unsold inventory is showing up here now.

Anonymous said...

"That's definitely headed in the wrong direction for a recovery."

I'd forget about looking for a recovery - the only thing to hope for is finding a bottom as we are still in a free fall phase.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBKdlmKloSBQ

Mark C. said...

yes, finally the data seems to be correct again. CFC sure neglected the data gathering there for a few months.

unsecured debt consolidation loans said...

Data migh be correct but I agree with others reading from the point of view that such is the wrong direction.

Anonymous said...

Funny, BofA comes out and tells the world it will close the deal, likely July 1 and suddenly the REO inventory for CFC jumps back up. Funny how that works....

Anonymous said...

Dimitris,

How did you get these numbers? Did you go on the countrywide site and manually compile them?

Clearfield said...

So much for the number of foreclosures actually going down..... Atleast the average price is coming down in the Majors California and Florida...