Tuesday, September 16, 2008

Countrywide Is The Land Baron Of Santa Barbara County!

I just pulled up the August information for properties being taken back due to foreclosure and Countrywide took back 25% of the overall number for August in Santa Barbara County.

It isn't even worth trying to figure out who was in 2nd. With 211 properties going back to their respective lenders as REO's and Countrywide with 54 (if I counted correctly) the rest of the pack was left in the dust.

I did see the usual suspects though, Wells Fargo, WAMU, Chase etc.....

One field of information I didn't remember seeing in the past was the information on surnames. I don't know what this really has to do with anything, but 107 of the 211 properties had been owned by people with hispanic surnames.

21 of the 211 were in the Santa Barbara, Goleta, Montecito, and Carpinteria areas. If memory serves me correctly, that is 1 less than what occurred in July. So, 180 of the properties on the list are from the Santa Maria, Lompoc, & Santa Ynez Valley.

1 comment:

Steve said...

We lost our home to CW. in Goleta in '07. I don't suppose there's a way to sue them,the agent at Coastal Properties and Fidelity Title?! One big conspiracy!!!