Where does the July 2018 Lee County Fl Foreclosure Report come from?
We download from public records and trend with Microsoft Excel. We have been doing this since 2007. This report has value because it is a leading indicator of bank-owned homes coming to market.
July 2018 Lee County Fl Foreclosure Report: Trends at a glance.
Lis Pendens:
- July 2018: 107 Mortgage related Lis Pendens
- June 2018: 145 Mortgage related Lis Pendens
- July 2018: 85 Mortgage related Lis Pendens
Certificates of Title:
- July 2018: 58 Certificates of Title were conveyed.
- June 2018: 52 Certificates of Title were conveyed.
- July 2018: 55 Certificates of Title were conveyed.
Top Ten Lis Pendens filers:
|
WELLS FARGO BANK NA |
10 | 9.35% |
|
WELLS FARGO BANK N A |
8 |
7.48% |
| LAKEVIEW LOAN SERVICING LLC | 5 |
4.67% |
| DITECH FINANCIAL LLC | 5 |
4.67% |
| BANK OF AMERICA N A | 4 |
3.74% |
|
BANK OF NEW YORK MELLON |
4 | 3.74% |
|
CIT BANK N A |
4 | 3.74% |
| U S BANK NATIONAL ASSOCIATION TRUSTEE | 3 |
2.80% |
| FIFTH THIRD MORTGAGE COMPANY | 3 |
2.80% |
| NATIONSTAR MORTGAGE LLC | 3 |
2.80% |
Top Ten Certificates of Title:
|
FEDERAL NATIONAL MORTGAGE ASSOCIATION |
6 |
10.34% |
|
BANK OF NEW YORK MELLON |
3 |
5.17% |
|
US BANK NATIONAL ASSOCIATION TRUSTEE |
2 | 3.45% |
| U S BANK NATIONAL ASSOCIATION TRUSTEE | 2 |
3.45% |
|
TURN KEY HOMES DEVELOPMENT INC |
2 | 3.45% |
|
BANK OF AMERICA NATIONAL ASSOCIATION |
1 | 1.72% |
|
FR JOE GALLAGHER LLC |
1 |
1.72% |
| CIT BANK N A | 1 |
1.72% |
| BANK OF NEW YORK MELLON TRUSTEE | 1 |
1.72% |
|
WELLS FARGO BANK NA |
1 |
1.72% |
Top Ten Certificates of Title for Non-Banks:
|
TURN KEY HOMES DEVELOPMENT INC |
2 | 3.45% |
|
FR JOE GALLAGHER LLC |
1 | 1.72% |
| BLACK REEF TRUST | 1 |
1.72% |
| CRC INVESTORS LLC | 1 |
1.72% |
|
BRUNER HAROLD D |
1 | 1.72% |
| F STREET INVESTMENTS LLC | 1 |
1.72% |
|
BLACK POINT ASSESTS INC TRUSTEE |
1 | 1.72% |
| COOPER KEVIN J | 1 |
1.72% |
|
US REALTY INVESTMENTS LLC |
1 | 1.72% |
| SPARTAN PROPERTY MANAGER LLC | 1 |
1.72% |
July 2018 Lee County Fl Foreclosure Report: Notes
The trend up bated this month. What does that mean?
- The current trend of the distressed market NOT being a primary (last cycle) driver will continue.
- The recent uptick appears to be the following factors.
- Old Modifications that are now going bad.
- New Low money down builder transactions.
- “Normal” Distressed Situations.
- Probates where a mortgage was involved.
- Storm Damaged houses.
- Since 2015 we have averaged 93 Mortgage related Lis Pendens a month.
- If you take the dip in the months during and after the hurricane. We are deficit 346 filings from that time. So any uptick in the next few months that has an overage above that number, could be a sign of a new direction in the trend.
- There should be a natural rise in the foreclosure cases due to an increase of leverage in the market in trailing years. If there are more mortgages, there will be default be more foreclosures.
We will be monitoring and realizing reports next month and should August show a change mid-month.
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
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