Tuesday, January 8, 2008

20,255 Homes Offered For Sale on Countrywide Financial's Website

Total REO Asking Price: $3,270,467,911
(As of January 15, 2009)



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($)
Average Asking
Price($)
AK297,053,100243,210
AL22231,587,987142,288
AR817,407,29991,448
AZ1,194177,853,550148,956
CA5,5951,258,408,604224,917
CO31857,334,897180,298
CT14626,356,293180,523
DC367,555,495209,875
DE213,518,099167,529
FL1,764250,986,059142,282
GA1,061121,468,800114,485
HI6824,009,300353,078
IA706,349,10190,701
ID9824,770,200252,757
IL773103,479,869133,868
IN30918,962,04561,366
KS717,417,800104,476
KY1319,830,88475,045
LA717,410,797104,377
MA24541,349,387168,773
MD29767,720,914228,017
ME423,597,79685,662
MI1,14775,918,71966,189
MN47365,697,562138,895
MO30728,433,99892,619
MS12112,875,994106,413
MT255,404,500216,180
NC34446,268,692134,502
ND02137,80068,900
NE322,523,80078,869
NH11619,004,796163,834
NJ25049,741,987198,968
NM537,194,500135,745
NV1,174194,092,405165,326
NY23951,102,494213,818
OH48327,411,68656,753
OK12010,545,41487,878
OR15432,842,700213,264
PA22423,134,342103,278
RI11213,282,194118,591
SC16024,699,397154,371
SD101,094,000109,400
TN32933,137,087100,721
TX74297,021,370130,757
UT6823,757,200349,371
VA46083,483,501181,486
VT05711,500142,300
WA24056,847,300236,864
WI17214,699,70085,463
WV403,665,09791,627
WY111,309,900119,082
Total20,2553,270,467,911148,341

















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7 comments:

Anonymous said...

Hey, welcome back! Thanks for the update - love the site!

Dimitris said...

Thanks!

johnnyelevator said...

Glad to see the post back after the holidays.

The question is, the decline from November '08 to January '09 is a result of the moratorium on foreclorsure that BofA has instituted or indicative of overall changes in the housing/lending/foreclosure market.

Anonymous said...

Late last year, Bank of America said it would modify troubled mortgages for almost 400,000 borrowers with home loans from Countrywide, the mortgage lender it acquired in 2008. The decision was part of a deal with several state attorneys-general to resolve claims against Countrywide.

Dimitris said...

johnnyelevator

A few reasons as to why the rate of foreclosures is not accelerating is because of government intervention in the housing market and also because banks finally realize they are better off doing loan modifications and short sales instead of losing more money on foreclosures.

There is still a lot of fear and uncertainty in the direction of the economy. Investors find treasuries as the safe place for the time being. There is no incentive to save or invest. As a result, banks don't lend, and thus, a credit crisis further exacerbating the problem.

upthecreek said...

thanks for the update....

Anonymous said...

Counrtywide should be shut down. Bank of America should be emabarrassed they have done nothing to help people stay in their homes. It was all for show. They are still just putting people in the streets.