Every month prepare a report and release it to the public and the media about foreclosure filings for the month before. Here is the link to the June 2018 Lee County Foreclosure Report
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.
The June 2018 Lee County Foreclosure Report showed a large jump in foreclosures so we drilled into the report. Here is what we found.
June 2018 Lee County Foreclosure Report Update: What vintage is going bad?
June 2018 Lee County Foreclosure Report Update: What are the mortgage amounts?
June 2018 Lee County Foreclosure Report Update: How much in dollar amounts?
The 2004 thru 2006 vintage defaults seem to have 2 common denominators. Probates are present and loan modifications that have gone bad. Rising property taxes are probably a factor in the loan modification defaults.
2015 thru 2017 defaults have a lot of low money down FHA loans in them. Many of those were new homes as well.
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.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
Where does the June 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.
June 2018 Lee County Fl Foreclosure Report: Trends at a glance.
Mortgage-Related Lis Pendens:
June 2018: 145 Mortgage related Lis Pendens
May 2018: 101 Mortgage related Lis Pendens
June 2017: 93 Mortgage related Lis Pendens
Certificates of Title conveyed:
June 2018: 52 Certificates of Title were conveyed.
May 2018: 56 Certificates of Title were conveyed.
June 2017: 82 Certificates of Title were conveyed.
June 2018 Lee County Fl Foreclosure Report: Top Ten Lis Pendens filers.
DITECH FINANCIAL LLC
19
13.10%
WELLS FARGO BANK N A
13
8.97%
NATIONSTAR MORTGAGE LLC
10
6.90%
U S BANK NATIONAL ASSOCIATION TRUSTEE
8
5.52%
BANK OF NEW YORK MELLON
6
4.14%
DEUTSCHE BANK NATIONAL TRUST COMPANY TRUSTEE
5
3.45%
U S BANK NATIONAL ASSOCIATION
4
2.76%
LAKEVIEW LOAN SERVICING LLC
4
2.76%
CIT BANK N A
4
2.76%
CARRINGTON MORTGAGE SERVICES LLC
4
2.76%
June 2018 Lee County Fl Foreclosure Report: Top Ten Certificates of Title
FEDERAL NATIONAL MORTGAGE ASSOCIATION
4
7.69%
U S BANK NATIONAL ASSOCIATION TRUSTEE
3
5.77%
BANK OF NEW YORK MELLON
3
5.77%
DEUTSCHE BANK NATIONAL TRUST COMPANY TRUSTEE
3
5.77%
WILMINGTON TRUST NATIONAL ASSOCIATION TRUSTEE
2
3.85%
NATIONSTAR CHAMPION MORTAGAGE LLC
2
3.85%
WELLS FARGO BANK NATIONAL ASSOCIATION TRUSTEE
2
3.85%
SUNCOAST CREDIT UNION
1
1.92%
WILMINGTON SAVINGS FUND SOCIETY FSB TRUSTEE
1
1.92%
DOUBLE A INVESTMENTS LLC
1
1.92%
June 2018 Lee County Fl Foreclosure Report: Top Ten Certificates of Title Non-Bank
HARVEY RAYMOND W
1
1.79%
ASGHAR DAVID EFTEKHAR
1
1.79%
YANG XIU YU
1
1.79%
SOUTHEAST PROPERTY ACQUISITIONS LLC
1
1.79%
AMERIHOME MORTGAGE COMPANY LLC
1
1.79%
RAYMOND MARIE JOSE
1
1.79%
CALIFORNIA LAW GROUP LLC
1
1.79%
US REALTY INVESTMENTS LLC
1
1.79%
DK PROPERTY LLC
1
1.79%
K & F PROPERTIES LLC
1
1.79%
June 2018 Lee County Fl Foreclosure Report: Notes.
The trend is clearly up. What does that mean?
The market is resuming the foreclosure filings from the hiatus of the hurricane. Should the upward trend continue at a pace of 300 a month, then this will be worth watching.
The current trend of the distressed market NOT being a primary (last cycle) driver will continue.
The 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.
This uptick represents one of the following things:
The beginning of a correction. Many of these have sufficient equity to trade out if they so wish. This resembles the distressed market of early 2004 thru 2005.
The cases that were not filed during the hurricane and its aftermath.
The 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.
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.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
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.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
Those interested in SWFL real estate investing events can attend and hear talks on important topics such as rehabbing distressed properties, how natural disasters can affect investing, and how to maximize your investment.
Our next meeting will be a presentation on how to prevent your rehab from going wrong. The presentation will be conducted by real estate investing veteran Mike Lyons. Mike has worked in the residential real estate market since 2001. He’s a property manager for several investment properties throughout southwest Florida.
Sign up for our mailing list and be the first to hear about our Cape Coral real estate investing events and other SWFL real estate investing events.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
The Southwest Florida Real Estate Investment Association (SWFL REIA) was created with the motto “Knowledge withheld is knowledge wasted.” It is a membership-based organization that hopes to impart current real estate knowledge on its members, including anyone interested in the Florida rental property investment world, as well as those working in the industry, such as contractors, attorneys, home inspectors, realtors, wholesalers, and more.
SWFL REIA sole purpose is to help its members become more profitable through the use of networking, education, and empowerment. They take a different approach by not having information product sales and instead focus their meetings on investing through collaboration and by having Cape Coral rental property investment and Fort Myers rental property investment members share their own personal experiences.
SWFL REIA wants to help people interested in Florida rental property investment know the first steps they should take to become more successful. Aside from general meetings, SWFL REIA hosts monthly luncheons open to everyone, though members only have to pay for the cost of their lunch.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
Where does the Foreclosure Trend Report for March 2018 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.
Foreclosure Trend Report for March 2018 at a glance:
March 2018: 82 Mortgage related Lis Pendens
February 2018: 57 Mortgage related Lis Pendens.
March 2017: 88 Mortgage related Lis Pendens.
Certificates of Title:
March 2018: 53 Certificates of Title were conveyed.
February 2018: 70 Certificates of Title were conveyed.
March 2017: 93 Certificates of Title were conveyed.
Top Ten Filers of Lis Pendens Count Percentage of the Filings
DEUTSCHE BANK NATIONAL TRUST COMPANY TRUSTEE
6
7.06%
BANK OF AMERICA N A
6
7.06%
WELLS FARGO BANK N A
6
7.06%
U S BANK NATIONAL ASSOCIATION TRUSTEE
5
5.88%
FIFTH THIRD MORTGAGE COMPANY
4
4.71%
BANK OF NEW YORK MELLON
4
4.71%
HSBC BANK USA NATIONAL ASSOCIATION TRUSTEE
3
3.53%
FEDERAL NATIONAL MORTGAGE ASSOCIATION
3
3.53%
U S BANK TRUST N A TRUSTEE
3
3.53%
DEUTSCHE BANK NATIONAL TRUST COMPANY TRUSTEE
6
7.06%
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.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
Trends at a glance: February 2018 Lee County Foreclosure Report
Lis Pendens:
February 2018: 57 Mortgage related Lis Pendens.
January 2018: 51 Mortgage related Lis Pendens.
February 2017: 72 Mortgage related Lis Pendens.
Certificates of Title:
February 2018: 70 Certificates of Title were conveyed.
January 2018: 87 Certificates of Title were conveyed.
February 2017: 85 Certificates of Title were conveyed.
February 2018 Lee County Foreclosure Report: Top Ten Lis Pendens filers.
DEUTSCHE BANK NATIONAL TRUST COMPANY TRUSTEE
8
14.04%
WELLS FARGO BANK N A
8
14.04%
BANK OF NEW YORK MELLON
5
8.77%
BANK OF AMERICA N A
4
7.02%
NATIONSTAR MORTGAGE LLC
4
7.02%
WILMINGTON TRUST NATIONAL ASSOCIATION TRUSTEE
2
3.51%
FIFTH THIRD BANK
2
3.51%
GUILD MORTGAGE COMPANY
1
1.75%
GUARANTEE COMPANY OF NORTH AMERICA
1
1.75%
BANK OF NEW YORK MELLON TRUSTEE
1
1.75%
February 2018 Lee County Foreclosure Report: Top Ten Certificates of Title.
US BANK NATIONAL ASSOCIATION TRUSTEE
8
11.43%
FEDERAL NATIONAL MORTGAGE ASSOCIATION
6
8.57%
BANK OF AMERICA N A
4
5.71%
BANK OF NEW YORK MELLON
2
2.86%
U S BANK NATIONAL ASSOCIATION TRUSTEE
2
2.86%
LONGMAN ALVIN C
2
2.86%
CALIFORNIA LAW GROUP LLC
2
2.86%
HSBC BANK USA NATIONAL ASSOCIATION TRUSTEE
2
2.86%
DEUTSCHE BANK NATIONAL TRUST COMPANY TRUSTEE
2
2.86%
NEIDERT JON
1
1.43%
February 2018 Lee County Foreclosure Report: Top Ten Certificates of Title for Non Banks.
LONGMAN ALVIN C
2
2.86%
CALIFORNIA LAW GROUP LLC
2
2.86%
NEIDERT JON
1
1.43%
CENTURION CAPITAL TRUST LLC
1
1.43%
HUDSON SHAWN
1
1.43%
LECHTANSKI JAMES
1
1.43%
CRC INVESTORS LLC
1
1.43%
RANDOM PROPERTIES ACQUISITIONS CORP III
1
1.43%
DONG PENG LLC
1
1.43%
ALLIANCE OF CASA LA LINDA CORPORATION
1
1.43%
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: February 2018 Lee County Foreclosure Report 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.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
Buy and hold real estate investing is the primary avenue of the wealthiest members of the SWFLREIA.
John Jacob Astor, the famous real property capitalist, and America’s first multi-millionaire, while he was on his deathbed if he would do things differently if he could start over.
Astor responded, “Yes. I would have bought every inch of Manhattan.
Buy and hold real estate investing is how wealth is generated in the main.
While we all hear the stories of how some random event enabled a person to become wealthy. This is not the norm. We tend to have a survivorship bias that clouds our minds in cases like this. For every guy who hit it big randomly, many did not. The road to wealth is a long road. It also can be done long term with nearly the issues of say flipping real estate.
The one tip to Buy and hold real estate investing that I will share is that many buy and hold real estate investors tend to forget that they will own this asset long term and that someday you may want to sell it. Patch job repairs make the most sense for today. They do not make the most sense long term. I also see many Buy and hold real estate investors that make decisions for repairs and upgrades that the view of the tenant is factored into. Focus solely on the asset and the asset will reward you while you own it and if you sell it.
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.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
