Saturday, August 11, 2007

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($)
Average Asking
Price($)
AK071,470,300210,043
AL14316,982,348118,758
AR383,399,90089,471
AZ722131,961,160182,772
CA3,738916,042,431245,062
CO20941,664,784199,353
CT15626,734,199171,373
DC215,929,899282,376
DE233,659,900159,126
FL1,839340,637,706185,230
GA69484,196,986121,321
HI4015,085,700377,143
IA394,554,700116,787
ID5114,928,850292,723
IL709103,819,667146,431
IN28717,334,30260,398
KS485,233,767109,037
KY887,388,64883,962
LA475,571,300118,538
MA25141,081,675163,672
MD28074,116,611264,702
ME171,782,300104,841
MI1,10289,247,75580,987
MN46470,613,256152,184
MO22020,631,72093,781
MS9010,899,762121,108
MT081,775,200221,900
NC16128,851,798179,204
ND02159,80079,900
NE152,068,500137,900
NH8114,693,549181,402
NJ19042,138,261221,780
NM264,192,500161,250
NV488101,698,800208,399
NY16939,944,291236,357
OH39725,314,92563,766
OK544,812,60089,122
OR7218,353,500254,910
PA13317,313,336130,175
RI9115,052,199165,409
SC9513,913,563146,459
SD08848,300106,038
TN26026,718,111102,762
TX59282,695,449139,688
UT4817,368,200361,838
VA631147,276,989233,403
WA11731,779,300271,618
WI11611,177,45696,357
WV294,323,286149,079
WY02309,800154,900
Total15,1082,707,749,339166,896









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11 comments:

Anonymous said...

It looks like prices may have stabilized on the reo's? I think we could be near a bottom in nominal terms. ???

Anonymous said...

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?

Wadin' In said...

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!

Xpovos said...

As much as I enjoy reading this, I have to wonder how "Countrywide" even has any REO to be selling anymore. Silly BAC.

Anonymous said...

xpovos,

BAC = Titanic
Countrywide = Iceberg

Anonymous said...

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.

Anonymous said...

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!

Greg Vinson said...

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

Anonymous said...

Anonymous,

We have been 4 months trying to buy a Short Sale through Countrywide. For Cash.

They have yet to accept the offer and can not give us any updates. We are walking away when the last extension is up and wil be working on a BOA Foreclosure. We hope that goes better.

Our offer was 90% of the last appraisal, and they still can't get an answer. Makes you glad our tax dollars helped them out. But hey, I feel your frustration!

barrett said...

country wide big rip-off outfit our daughter tried to do a loan modafication, while talking to the reps for the modafication, they were in contact with the Mortgage co, to see if it was a scam, they told her no they were to get the paper work in 1-2 business days, well when they were waiting they got 2 months behind because they told her not to make payments, the next thing the sheriffs put a foreclosure notice on the door.....and then they were told the modafication wasnt going to go thru...Now it will cost those kids about 20,000 to get this stopped and their house back. Where can we go for help???? She has MS and cant be stressed, will so much for that because they are just sick. Where is someone to watch these mortgage co? This should be against the law on what is going here.

Anonymous said...

When are you going to update this chart?