January 2018 Lee County Foreclosure Trend Report

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.

2018 lee county foreclosure trend 2018 lee county foreclosure trend 2018 lee county foreclosure trend

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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