January 2018 Lee County Foreclosure Trend for at a glance
Lis Pendens filings:
January 2018: 51 Mortgage related Lis Pendens.
December 2017: 34 Mortgage related Lis Pendens.
January 2017: 33 Mortgage related Lis Pendens.
Certificates of Title conveyed:
January 2018: 87 Certificates of Title were conveyed.
December 2017: 59 Certificates of Title were conveyed.
January 2017: 97 Certificates of Title were conveyed.
Top Ten Lis Pendens filers for January 2018 Lee County Foreclosure Trend:
|
U S BANK NATIONAL ASSOCIATION TRUSTEE |
6 | 11.76% |
|
BANK OF AMERICA N A |
4 |
7.84% |
|
WELLS FARGO BANK N A |
4 |
7.84% |
|
WILMINGTON SAVINGS FUND SOCIETY FSB |
3 |
5.88% |
|
BANK OF THE OZARKS |
2 |
3.92% |
|
CITIBANK N A |
2 | 3.92% |
|
JAMES B NUTTER & COMPANY |
2 |
3.92% |
|
SUNCOAST CREDIT UNION |
2 |
3.92% |
| BANK OF NEW YORK MELLON | 1 |
1.96% |
| BAYVIEW LOAN SERVICING LLC | 1 |
1.96% |
Top Ten Certificates of Title for January 2018 Lee County Foreclosure Trend:
|
FEDERAL NATIONAL MORTGAGE ASSOCIATION |
11 | 12.64% |
|
U S BANK NATIONAL ASSOCIATION TRUSTEE |
5 |
5.75% |
|
BANK OF NEW YORK MELLON |
4 |
4.60% |
|
ROYAL BEACH CLUB CONDOMINIUM ASSOCIATION INC |
3 |
3.45% |
|
SOUTHEAST PROPERTY ACQUISITIONS LLC |
3 | 3.45% |
|
NATIONSTAR MORTGAGE LLC |
3 | 3.45% |
|
GATOR REALTY & LEASING INC |
2 |
2.30% |
| WELLS FARGO BANK NA | 2 |
2.30% |
| KENNEDY JENNIFER | 2 |
2.30% |
| SUNCOAST CREDIT UNION | 2 |
2.30% |
Top Ten Certificates of Title for Non-Bank and HOA Entities:
|
SOUTHEAST PROPERTY ACQUISITIONS LLC |
3 |
3.45% |
|
GATOR REALTY & LEASING INC |
2 |
2.30% |
|
KENNEDY JENNIFER |
2 |
2.30% |
|
US REALTY INVESTMENTS LLC |
2 | 2.30% |
| PINEAPPLE PROPERTIES OF SWFL LLC | 2 |
2.30% |
|
LSG OF ORLANDO LLC |
1 | 1.15% |
| MTGLO INVESTORS LP | 1 |
1.15% |
|
ACSC INC |
1 | 1.15% |
|
INVEST PROPERTIES LLC |
1 |
1.15% |
| MAERE RICHARD | 1 |
1.15% |
Notes:
- The trend reflects the aftermath of Hurricane Irma’s disruption on the market.
- The banks are starting to file Lis Pendens again.
- The current trend of the distressed market NOT being a primary (last cycle) driver will continue.
- Bertrand versus US bank still has not caused a significant increase in filings.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet. This report (January 2018 Lee County Foreclosure Trend) is a leading indicator of a rise in the distressed market. Therefore, watching these numbers each month gives you a unique advantage of being able to adapt quickly in the event of a market turn.
Compiled and analyzed by Jeff Tumbarello, Director
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The post January 2018 Lee County Foreclosure Trend Report appeared first on SWFL Real Estate Investing.
source https://swflreia.com/2018/02/05/january-2018-lee-county-foreclosure-trend-report/
