Quick update on Market Metrics for Lee County Residential October 2018.
There is a lot of interesting things going on, you have two different demographics trends at play. We will discuss them at the SWFL REIA General Meeting
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.
Stu Silver is one of the most well known and successful investors in the SWFL. Stu Silver recently was part of a panel about Mobile Home Park investing at the SWFL REIA General Meeting.
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 October 2018 Foreclosure report for Lee County 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 report for Lee County: Trends at a glance.
Lis Pendens:
October 2018: 91 Mortgage related Lis Pendens.
September 2018: 79 Mortgage related Lis Pendens.
October 2017: 19 Mortgage related Lis Pendens.
Certificates of Title:
October 2018: 68 Certificates of Title were conveyed.
September 2018: 49 Certificates of Title were conveyed.
October 2017: 22 Certificates of Title were conveyed.
Foreclosure report for Lee County: Chart Metrics.
Foreclosure report for Lee County: Top Ten Mortgage-Related Lis Pendens Filers.
BANK OF AMERICA N A
5
5.49%
JPMORGAN CHASE BANK NATIONAL ASSOCIATION
5
5.49%
WELLS FARGO BANK N A
5
5.49%
LOANDEPOT.COM LLC
4
4.40%
WELLS FARGO BANK NA
4
4.40%
BANK OF NEW YORK MELLON
3
3.30%
DITECH FINANCIAL LLC
3
3.30%
NATIONSTAR MORTGAGE LLC
3
3.30%
FEDERAL NATIONAL MORTGAGE ASSOCIATION
2
2.20%
LAKEVIEW LOAN SERVICING LLC
2
2.20%
Foreclosure report for Lee County: Top Ten Entities for Certificates of Title.
FEDERAL NATIONAL MORTGAGE ASSOCIATION
6
12.24%
BANK OF NEW YORK MELLON
4
8.16%
HURRICANE HOUSE CONDOMINIUM ASSOCIATION INC
3
6.12%
CALIFORNIA LAW GROUP LLC
2
4.08%
DEUTSCHE BANK NATIONAL TRUST COMPANY TRUSTEE
2
4.08%
SEAWATCH ON-THE-BEACH CONDOMINIUM ASSOCIATION INC
2
4.08%
TORTUGA BEACH CLUB CONDOMINIUM ASSOCIATION INC
2
4.08%
US BANK NATIONAL ASSOCIATION TRUSTEE
2
4.08%
JOTCAR INC
1
2.04%
BANK OF NEW YORK MELLON TRUSTEE
1
2.04%
Foreclosure report for Lee County: Notes.
The trend from the Irma disruption has returned to “normal” (that is the worst word to ever use in relation to real estate stats…)
The current trend of the distressed market NOT being the primary (last cycle) driver will continue.
The current filings appear to be the following factors.
Old Modifications that are now going bad. (2005-2007)
New Low money down builder transactions. (2016-2018)
“Normal” Distressed Situations.
Probates where a mortgage was involved. (2005-2007)
Storm Damaged houses.
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.
Private money lenders are crucial if your deal flow exceeds your funding. Real estate investors are always in pursuit of the next awesome deal. Once you find that deal comes the second part of the equation:
Funding the deal!
No one has unlimited capital sources. Without funding the deal is incomplete. Real Estate Investors need to actively work on having private money providers to fund their real estate investment opportunities.
Who are Private Money Lenders? A private money loan provider is a non-institutional (non-bank) individual or company that loans money, generally secured by a note and mortgage.
The primary place for new investors to find private lenders is your inner circle of friends & family. Obtaining financing from your inner circle is popular because you can get in front of these people as they already know you. A downside of raising money from your inner circle is that they may not be sophisticated enough to know what is a good deal and what is a bad deal and this can lead to problems. Hence when you take funding from your inner circle by clear about the risks and rewards.
Private money lenders: Farm your warm circle or people who know you.
The best way to explain this circle is to draw an analogy to LinkedIn Connections. Again, you should not spend most of your time finding them and/or introductions
Private Money Lenders: The rest of the world.
These are people you do not know. You will need a pitch book or something showing why you are a viable borrower.
The key question that comes into the mind of real estate investors is how do I find these potential Private Money Lenders? Attend a SWFL REIA meeting!
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 September 2018 Lee County Foreclosures 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.
September 2018 Lee County Foreclosures: Trends at a glance.
Lis Pendens:
September 2018: 79 Mortgage related Lis Pendens
August 2018: 130 Mortgage related Lis Pendens
September 2017: 60 Mortgage related Lis Pendens
Certificates of Title:
September 2018: 49 Certificates of Title were conveyed.
August 2018: 47 Certificates of Title were conveyed.
September 2017: 30 Certificates of Title were conveyed.
September 2018 Lee County Foreclosures: Charts.
September 2018 Lee County Foreclosures: Lis Pendens Counts.
WELLS FARGO BANK N A
8
10.13%
BANK OF AMERICA N A
5
6.33%
PENNYMAC LOAN SERVICES LLC
4
5.06%
LAKEVIEW LOAN SERVICING LLC
4
5.06%
WELLS FARGO BANK NA
3
3.80%
NATIONSTAR MORTGAGE LLC
3
3.80%
FEDERAL NATIONAL MORTGAGE ASSOCIATION
3
3.80%
BANK OF NEW YORK MELLON
3
3.80%
QUICKEN LOANS INC
3
3.80%
U S BANK TRUST N A TRUSTEE
3
3.80%
September 2018 Lee County Foreclosures: Certificate of Title Counts.
FEDERAL NATIONAL MORTGAGE ASSOCIATION
6
12.24%
BANK OF NEW YORK MELLON
4
8.16%
HURRICANE HOUSE CONDOMINIUM ASSOCIATION INC
3
6.12%
CALIFORNIA LAW GROUP LLC
2
4.08%
DEUTSCHE BANK NATIONAL TRUST COMPANY TRUSTEE
2
4.08%
SEAWATCH ON-THE-BEACH CONDOMINIUM ASSOCIATION INC
2
4.08%
TORTUGA BEACH CLUB CONDOMINIUM ASSOCIATION INC
2
4.08%
US BANK NATIONAL ASSOCIATION TRUSTEE
2
4.08%
JOTCAR INC
1
2.04%
BANK OF NEW YORK MELLON TRUSTEE
1
2.04%
September 2018 Lee County Foreclosures: Certificate of Title Counts to Non-Banks.
JOTCAR INC
1
2.04%
MTGLQ INVESTORS L P
1
2.04%
TABOR SCOTT E
1
2.04%
TROYER RODNEY TRUSTEE
1
2.04%
RJH PROPERTIES
1
2.04%
TRIPLE DONG INVESTMENT LLC
1
2.04%
DK REALTY GROUP LLC
1
2.04%
MC JILDERDA PROPERTIES LLC
1
2.04%
GOEKE INVESTMENTS INC
1
2.04%
CHRISTIE THOMAS ROY
1
2.04%
September 2018 Lee County Foreclosures: Notes.
The trend from the Irma disruption appears to be returning to “normal” (that is the worst word to ever use in relation to stats…)
The current trend of the distressed market NOT being a primary (last cycle) driver will continue. Currently, the distressed market share is
The current filings appear 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.
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.
We recently had a mastermind session titled Ending the war between Realtors and Investors.
It was a fun and animated session. Here is the jest of the meeting.
Ending the war between Realtors and Investors: Relationships are what makes people profitable and happy
Communication is the root of any good relationship. Here a few things each party should communicate to have a profitable and frictionless relationship.
What does the investor actually need help with?
What does the investor not need help with?
Ending the war between Realtors and Investors: Is the Realtor qualified?
ZDo they know the basics of Real Estate Investing?
Do they know the lingo?
Can they perform the analysis needed?
Do they understand the market?
Ending the war between Realtors and Investors: Does the investor know what they are there to do?
Do they have a clear understanding of what they need help with?
Do they have a POF or a track record of transactions?
How is their capital modeled?
How much capital are they looking to employ?
What is the desired rate of return?
amount of time for capital to be employed?
What is their risk tolerance?
Ending the war between Realtors and Investors: What type of investor?
Are they a buy and hold investor?
Are they looking to flip (trader really)?
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 Lee County Florida August 2018 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.
Lee County Florida August 2018 Foreclosure Report: Trends at a glance.
Lis Pendens:
August 2018: 130 Mortgage related Lis Pendens
July 2018: 107 Mortgage related Lis Pendens
August 2017: 89 Mortgage related Lis Pendens
Certificates of Title:
August 2018: 47 Certificates of Title were conveyed.
July 2018: 58 Certificates of Title were conveyed.
July 2017: 87 Certificates of Title were conveyed.
Lee County Florida August 2018 Foreclosure Report: Charts.
August 2018 Foreclosure Report: Top Ten Lis Pendens filers.
BANK OF NEW YORK MELLON
14
10.77%
WELLS FARGO BANK N A
10
7.69%
WELLS FARGO BANK NA
10
7.69%
U S BANK NATIONAL ASSOCIATION
7
5.38%
FEDERAL NATIONAL MORTGAGE ASSOCIATION
6
4.62%
NATIONSTAR MORTGAGE LLC
5
3.85%
DITECH FINANCIAL LLC
4
3.08%
JPMORGAN CHASE BANK NATIONAL ASSOCIATION
4
3.08%
U S BANK NATIONAL ASSOCIATION TRUSTEE
4
3.08%
DEUTSCHE BANK NATIONAL TRUST COMPANY TRUSTEE
4
3.08%
August 2018 Foreclosure Report: Top Ten Certificates of Title.
FEDERAL NATIONAL MORTGAGE ASSOCIATION
5
10.64%
US BANK NATIONAL ASSOCIATION TRUSTEE
3
6.38%
VENTURA JOLUVEN
2
4.26%
BURRITO GROUP PROPERTIES LLC
2
4.26%
DEUTSCHE BANK NATIONAL TRUST COMPANY TRUSTEE
2
4.26%
POWELL CONNIE FAYE
1
2.13%
FLORIDA REAL ESTATE RESCUE LLC
1
2.13%
U S BANK NATIONAL ASSOCIATION TRUSTEE
1
2.13%
ECKERTY THOMAS G TRUSTEE
1
2.13%
INTERCONTINENTAL PROPERTIES LLC TRUSTEE
1
2.13%
August 2018 Foreclosure Report: Top Ten Certificates of Title for Non-Banks.
VENTURA JOLUVEN
2
4.26%
BURRITO GROUP PROPERTIES LLC
2
4.26%
POWELL CONNIE FAYE
1
2.13%
ECKERTY THOMAS G TRUSTEE
1
2.13%
INTERCONTINENTAL PROPERTIES LLC TRUSTEE
1
2.13%
RANDOM PROPERTIES ACQUISITION CORP III
1
2.13%
DONG PENG LLC
1
2.13%
EQUITY TRUST COMPANY CUSTODIAN
1
2.13%
QUILTER EDWARD LEO
1
2.13%
GATOR REALTY & LEASING INC
1
2.13%
August 2018 Foreclosure Report: Notes.
A month over month increase. What does that mean?
The current trend of the distressed market NOT being a primary (last cycle) driver will continue. Currently, the distressed market share is
The uptick appears to be the following factors.
Old Modifications (2004 – 2007) that are now going bad.
New Low money down builder transactions.
“Normal” Distressed Situations.
Probates where a mortgage was involved.
Storm Damaged houses.
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.
