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washington mutual: Which Lender has the most (REO) properties for sale? (Update) - 06/03/09 10:05 PM
With foreclosures now making up almost 50% of all home sales nationwide and the major banks still holding most of the assets, you may wonder who has most REOs for sale.
As of today (June 3, 2009), the troubled mortgage company, Countrywide Home Loans (now part of bank of America Home Loans) shows approximately 51,000 properties for sale on its REO site. The new owner of Countrywide, Bank of America, has only about 2,000 listings.The numbers for Wells Fargo have gone down since last year and it now only show-casts approximately 11,500 for sale on its website.Just before having been taken over by … (0 comments)
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washington mutual: Which Lender has the most (REO) properties for sale? - 01/02/08 10:25 PM
With an estimated half a million foreclosures on the market at the end of 2007, one might wonder why they are not more aggressively advertised. You would think that lenders would do everything they can to get rid of the properties as soon as possible as every day they keep a house on the books, it costs them money. Banks are not in the business of owning homes; they are in the business of financing properties.
As of today (January 2, 2008), the nation's largest residential lender, Countrywide Home Loans shows only approximately 15,000 properties for sale on its REO site.Wells Fargo shows … (11 comments)
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