15,108 Homes Offered For Sale on Countrywide Financial's Website
Total REO Asking Price: $2,707,749,339
(As of August 11, 2008)
Source: http://www.countrywide.com/purchase/f_reo.asp
Click on state below for detailed listings.
| State | Count | Total Asking Price($) | Average Asking Price($) |
| AK | 07 | 1,470,300 | 210,043 |
| AL | 143 | 16,982,348 | 118,758 |
| AR | 38 | 3,399,900 | 89,471 |
| AZ | 722 | 131,961,160 | 182,772 |
| CA | 3,738 | 916,042,431 | 245,062 |
| CO | 209 | 41,664,784 | 199,353 |
| CT | 156 | 26,734,199 | 171,373 |
| DC | 21 | 5,929,899 | 282,376 |
| DE | 23 | 3,659,900 | 159,126 |
| FL | 1,839 | 340,637,706 | 185,230 |
| GA | 694 | 84,196,986 | 121,321 |
| HI | 40 | 15,085,700 | 377,143 |
| IA | 39 | 4,554,700 | 116,787 |
| ID | 51 | 14,928,850 | 292,723 |
| IL | 709 | 103,819,667 | 146,431 |
| IN | 287 | 17,334,302 | 60,398 |
| KS | 48 | 5,233,767 | 109,037 |
| KY | 88 | 7,388,648 | 83,962 |
| LA | 47 | 5,571,300 | 118,538 |
| MA | 251 | 41,081,675 | 163,672 |
| MD | 280 | 74,116,611 | 264,702 |
| ME | 17 | 1,782,300 | 104,841 |
| MI | 1,102 | 89,247,755 | 80,987 |
| MN | 464 | 70,613,256 | 152,184 |
| MO | 220 | 20,631,720 | 93,781 |
| MS | 90 | 10,899,762 | 121,108 |
| MT | 08 | 1,775,200 | 221,900 |
| NC | 161 | 28,851,798 | 179,204 |
| ND | 02 | 159,800 | 79,900 |
| NE | 15 | 2,068,500 | 137,900 |
| NH | 81 | 14,693,549 | 181,402 |
| NJ | 190 | 42,138,261 | 221,780 |
| NM | 26 | 4,192,500 | 161,250 |
| NV | 488 | 101,698,800 | 208,399 |
| NY | 169 | 39,944,291 | 236,357 |
| OH | 397 | 25,314,925 | 63,766 |
| OK | 54 | 4,812,600 | 89,122 |
| OR | 72 | 18,353,500 | 254,910 |
| PA | 133 | 17,313,336 | 130,175 |
| RI | 91 | 15,052,199 | 165,409 |
| SC | 95 | 13,913,563 | 146,459 |
| SD | 08 | 848,300 | 106,038 |
| TN | 260 | 26,718,111 | 102,762 |
| TX | 592 | 82,695,449 | 139,688 |
| UT | 48 | 17,368,200 | 361,838 |
| VA | 631 | 147,276,989 | 233,403 |
| WA | 117 | 31,779,300 | 271,618 |
| WI | 116 | 11,177,456 | 96,357 |
| WV | 29 | 4,323,286 | 149,079 |
| WY | 02 | 309,800 | 154,900 |
| Total | 15,108 | 2,707,749,339 | 166,896 |
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8 comments:
It looks like prices may have stabilized on the reo's? I think we could be near a bottom in nominal terms. ???
Looks like the second wave is coming on strong. Wonder if this new wave is mostly Alt-A or are we still in subprime territory?
Now that BofA has been bamboozled, the web site can be updated with the real numbers showing REO is still growing. Funny how all the reports for the prior months showed lower REO inventory!
As much as I enjoy reading this, I have to wonder how "Countrywide" even has any REO to be selling anymore. Silly BAC.
xpovos,
BAC = Titanic
Countrywide = Iceberg
Does Countrywide even own all the REOs they list on their site? Because I was in contract with them on a home they just discovered they don't even own. Make that 15,107 homes offered for sale on their website - who knows how many more they have screwed up.
This is crazy...Don't know what to do! Have been under contract with Country Wide on an REO with a clear title. Now 3 months post the original closing date. They never could say what the problem was, when it could be resolved (2-8 weeks), and their realty reps have one answer to every questions. "No update, We don't know!" Bank just has a "glitch" to fix!
-Just needed somewhere to vent my frustrations. As if buying your first home wasn't scary enough!
The second wave has yet to take its full effect. The credit crisis is nowhere near over. Banks are still getting squeezed by losses on bad loan and lower revenue from higher expenses. The best way to buy foreclosures is short sales - before the bank has incurred thousands of additional dollars in lost interest income, and as well as out pocket expenses for legal fees, property taxes and insurance. www.nutsandboltsrealestate.com
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