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

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