December 2015 Lee County Florida Foreclosure Report

Trends at a glance:

Lis Pendens:

—December 2015: 108 Mortgage related Lis Penden

—November 2015: 108 Mortgage related Lis Penden

—December 2014: 164 Mortgage related Lis Pendens

Certificates of Title:

—December 2015: 92 Certificates of Title were conveyed

—November 2015: 167 Certificates of Title were conveyed

—December 2014: 452 Certificates of Title were conveyed

Notes:

—More of the same…

—We had a month over month decrease and a year over year decrease.

—The top ten Lis Pendens filers (National Lending entities) represent 57 percent of the filings.

—DEUTSCHE BANK NATIONAL TRUST COMPANY TRUSTEE was number 1 in filings

What is a Lis Pendens?

A lis pendens is the formal notice that starts the foreclosure process. This may refer to any pending lawsuit or to a specific situation with a public notice of litigation that has been recorded in the same location where the title of real property has been recorded. A lis pendens is a written notice that a lawsuit has been filed concerning real estate, involving either the title to the property or a claimed ownership interest in it. This gives notice to the defendant who owns real estate that there is a claim on the property, and the recording informs the general public (and particularly anyone interested in buying or financing the property) that there is this potential claim against it.

Upcoming Event!

—SWFL REIA MONTHLY LUNCHEONS

—When: 1/7/16 

—Topic: What defines Unlicensed Real Estate Activity?

—Presenter: Rachel Carnicelli, Unlicensed Activity Investigator, DBPR, Division of Real Estate, Bureau of Enforcement

—Location: Pinchers Crab Shack the Marina at Edison Ford

—Address: 2360 W 1st St Fort Myers, FL

—Time: 11:00 AM to 1:00 PM

—From 11:15 to 12:00 there will be time for lunch and networking.

—The formal part of the meeting will start at 12:00

—For SWFL REIA members your cost is your lunch only.

—Non Members are $20.00

Click here for more information

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