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 Chase, Washington Mutual started offering its REOs on-line and it is showing approximately 6,000 properties.  Parent company Chase offers an additional 5,000 or so.  Their site is not very user friendly and very hard to search.

The last of the four big US banks (which happens to have taken the most bail-out money and seems to be in the most trouble of the BIG 4), CitiGroup shows exactly 8,850 as of today.

To see a list of some of the other (major) lenders, please check out http://myneighborhoodforeclosures.com/