Lee County (Fort Myers) Foreclosures Drop

Lenders filed 187 foreclosure lawsuits in Lee County - Fort Myers Area - in June – 52 percent down from 362 a year earlier, according to statistics released today by the Southwest Florida Real Estate Investors Association.
June's number was down just one from May, and a continuation of a string of low numbers following a slow decline from the deluge of foreclosures filed following the implosion of home prices starting in early 2006.
Foreclosures hit a peak of 2,665 in October 2008 as home owners and investors alike walked away from houses no longer worth their purchase price.
The report also noted that 317 certificates of title were conveyed for buildings in foreclosure in June, down from May's 340 but still more than the number of new foreclosures. Click here for all your Fort Myers Real Estate Needs!
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