May 9, 2008

3 Countrywide Foreclosures

Countrywide’s corporate reputation is is floating somewhere in the murky waters near Enron and Worldcom, but the average person (me, for example) may still have a hard time conceptualizing just how one mortgage broker could have such a major impact on an entire industry. Maybe this will help-there are currently 3 bank-owned foreclosures in Silver Lake/Los Feliz (the 90027 and 90039 zip codes, to be precise) and guess who owns them? Yep, all three are Countrywide. Check them out:

• The first two are both on Larga in Silver Lake. This one is a 3/2 with 1,340 square feet, built in 1923. It’s been on the market for 100 days, and last sold in 2005 for $587,000. Currently, it’s listed at $554,900.
• Also on Larga is this 3/3 with 1,186 square feet. It’s listed at $614,900, and last sold in 1993 for $253,000.
• This last one is in Los Feliz, on Fountain Ave. It’s a cozy one - a 1/1 with 960 square feet on a 3.485-square-foot lot. Currently listed at $431,900 with only 17 days on the market. Last sold for $539,000.