Lee County Lis Pendens for the Month of July 2008, 2467, up 3 percent from the 2,390 foreclosures in June. In July 2007, there were 1,045 foreclosures.

Foreclosures are doing what they're doing, but the good news is that people are buying foreclosures, so at least there is a demand for these.

The 3% rise is a little misleading... June = 21 working days.... Jul =22 working days (4th was holiday) - 4.67% more days to get 'em filed. So the trend stayed the same. .

I am just looking at the Per-Diem Foreclosure filings now. We are going to reach a point where this trends ends. They always do. Then we will have to sell the inventory created. The good news is, the market wants the REO's. They are driving the market. The effect of these foreclosures on the Lenders and the Mortgage holders is tragic. The effect on the buyers of the foreclosures properties is the opposite. These are becoming the affordable HOME, of the working class people of Lee County.Here is the by lender data

  LEHIGH ACRES 565 CAPE CORAL 846
for more data http://www.swflreia.com/foreclosuredata.html