Friday, April 04, 2008

Countrywide California Foreclosures

Looking to find out how many foreclosure Countrywide has in CA

http://www.streamfx.com/CW/4-3-2008/REO-California.html

The Countrywide California REO foreclosure list list some great properties for sale (all marked down, with prices dropping every day). I know that this blog predicted that Countywide would survive the real estate crash but clearly I was WAY wrong. Countrywide's exposure in the highly frothy markets (California & Florida) meant they were left holding the chair when the music stopped.

1 comment:

BWatrd said...

Your comments make it sound as though Countrywide was an innocent victim of "musical chairs."

I believe it to be the case that they were knowingly up to their butts in making loans they knew weren't worth the paper they were written on.