Where does the December 2019 Lee County Foreclosure Trends Report come from?

We download from public records and trend the data 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 the market.

December 2019 Foreclosure Report: Trends at a glance

Lis Pendens:

  • December 2019: 74 Mortgage related Lis Pendens

  • November 2019: 66 Mortgage related Lis Pendens

  • December 2018: 98 Mortgage related Lis Pendens

Certificates of Title:

  • December 2019: 53 Certificates of Title were conveyed

  • November 2019: 58 Certificates of Title were conveyed

  • December 2018: 32 Certificates of Title were conveyed

 

December 2019 Foreclosure Report for Lee County Florida

December 2019 Foreclosure Report: Last Payment Metrics

 Year Mortgage Originated Average Last Payment Date
2003 7/11/2019
2004 11/21/2010
2005 9/27/2014
2006 7/9/2011
2007 N/A
2008 8/2/2012
2009 N/A
2010 7/1/2019
2011 N/A
2012 N/A
2013 9/1/2015
2014 7/1/2019
2015 5/20/2019
2016 4/3/2019
2017 5/3/2019
2018 4/10/2019

December 2019 Foreclosure Report: Notes

  • December 2019 is more of the same in relation to the foreclosure trend.
  • 9 of the foreclosure filings appear to be a result of the Bertram Versus US bank decision due to the date of the last payment. That explains the increase from last month.
  • The lack of Certificate of Title Growth in relation to the Lis Pendens filings shows that the market has improved to the point if you go into default. You can trade out.
  • The institutional distressed market will continue to not be a primary driver.
  • Most of the foreclosures appear to be smaller loan amounts. There is significant demand within those price points.
  • Appreciation has slowed down since 2016. This is why the vintage of 2016 through 2018 has as many foreclosures. They can not trade out unless they had a larger down payment.

See you at a meeting soon!

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 agents, 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.

To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.

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 it does 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!
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