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: 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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source https://swflreia.com/2018/03/05/february-2018-lee-county-foreclosure-report/
