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February 2018 Lee County Foreclosure Report

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 February 2018 Lee County Foreclosure Report February 2018 Lee County Foreclosure Report

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.

Compiled and analyzed by Jeff Tumbarello, Director

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

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 look forward to meeting you at a meeting soon!
Click here for membership information

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Buy and hold real estate investing

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.

We meet twice a month.

Click here for information about the monthly luncheon.  

Click here for information about our nighttime general meeting. 

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 look forward to meeting you at a meeting soon!
Click here for membership information

Get our meeting notices and market data emailed to you.



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