Where does the January 2020 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.

January 2020 Foreclosure Report: Trends at a glance

Lis Pendens:

  • January 2020: 73 Mortgage related Lis Pendens
  • December 2019: 74 Mortgage related Lis Pendens
  • January 2019: 88 Mortgage related Lis Pendens

Certificates of Title:

    • January 2020: 67 Mortgage related Lis Pendens
    • December 2019: 53 Certificates of Title were conveyed
    • January 2019: 77 Certificates of Title were conveyed

January 2020 foreclosure report: Last payment date by year of mortgage

 Year Mortgage Originated Average Last Payment Date
2002 8/1/2019
2003 N/A
2004 6/1/2015
2005 6/23/2014
2006 7/28/2010
2007 8/20/2013
2008 9/25/2017
2009 4/1/2013
2010 5/31/2019
2011 8/1/2016
2012 N/A
2013 7/1/2019
2014 6/16/2018
2015 5/3/2019
2016 6/9/2019
2017 3/7/2019
2018 6/23/2019
2019 6/1/2019


January 2020 foreclosure report: Average complaint amount

 Year Mortgage Originated Average Complaint Amount
2002 $63,045
2003 $0
2004 $208,113
2005 $193,360
2006 $235,521
2007 $589,649
2008 $105,363
2009 $89,011
2010 $68,491
2011 $80,054
2012 $0
2013 $129,982
2014 $827,480 (big commercial present)
2015 $117,019
2016 $157,614
2017 $235,778
2018 $194,038
2019 $267,717
  • January 2020 is more of the same in relation to the foreclosure trend.
  • 12 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.
  • The high average complaint amount for 2014 is because of a large commercial loan.

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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