Every month prepare a report and release it to the public and the media about foreclosure filings for the month before. Here is the link to the June 2018 Lee County 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.
The June 2018 Lee County Foreclosure Report showed a large jump in foreclosures so we drilled into the report. Here is what we found.
June 2018 Lee County Foreclosure Report Update: What vintage is going bad?
June 2018 Lee County Foreclosure Report Update: What are the mortgage amounts?
June 2018 Lee County Foreclosure Report Update: How much in dollar amounts?
The 2004 thru 2006 vintage defaults seem to have 2 common denominators. Probates are present and loan modifications that have gone bad. Rising property taxes are probably a factor in the loan modification defaults.
2015 thru 2017 defaults have a lot of low money down FHA loans in them. Many of those were new homes as well.
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.
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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.
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Subject: June 2018 Lee County Foreclosure Report Update