Lee County foreclosures dip in July

The number of foreclosure lawsuits filed in Lee County declined slightly to 882 in July, according to statistics released today by the Southwest Florida Real Estate Investment Association.

That was essentially flat from 890 in June, but well less than half of the 1,877 filed in July 2009.

Foreclosures started to increase in the county in 2006 after the residential real estate boom started to collapse. The number reached an all-time record high of 2,665 in October 2008 and has generally been falling since then, according to the association's numbers.

There have been about 69,000 foreclosures filed in the county since January 2006, said Jeff Tumbarello, the association's director.

Homesteaded primary residences were 55 percent of July’s filings.

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