The Lenders Are Still Land Barons

Whether the lenders want to be or not they are land barons these days. Countrywide had been winning the race of who takes back the most properties every month until November. They only had 4 on this months list.

Washington Mutual was the big winner with 8 properties, but Deutsche Bank came in a close second with 7. There were only a total of 85 properties taken back in November.

There were a handful of properties on the list that had gone in to default back in 2007 but for the most part most of the properties the lenders took back had been defaulted on since May or June.

Only 13 of those properties had loans over $500,000 with only 1 being over 1 million at $1,348,319. 14 properties on the list were in the Santa Barbara, Goleta areas with the remaining 71 properties being in the Santa Maria and Lompoc areas.

Check them out on the map below.