Number of deeds conveyed by the clerk of the court via foreclosure action 1210 Number of Mortgage related Lis Pendens 2156 The trend is changing. The deeds being conveyed is starting to gain momentum. Notes Lis Pendens Filings • We had a reduction from July to August. The key to watch is the next 2 months • September is the last month of QTR 3. The Filings have showed a pattern of a month increase and a 2 month decrease followed by another increase. Another factor there might be pressure to show an improvement in QTR 4 for Year End numbers. • I would wait to pass judgment on the filings trending down until September and October are in books. • The homestead percentage from July was updated. The Lis Pendens filings where a homestead exception are trending down by percentage. One reason for this is the lenders willingness to work out a modification with HOMEOWNERS Notes Deeds Conveyed • The lenders taking back deeds this month are the primary drivers of REO sales within the Market • Expect more downward price pressure in high foreclosure markets where there is proportionately lower sales activity. IE Lehigh Acres • The count of deeds jumped dramatically. This is due to the court system streaming things a few months back. • The good news is the REO's are what the market wants. • More good news, some lenders are choosing to rent versus sell. • Hat tip to Charlie Green and his staff as well as the judicial side. There does not appear to be a staffing up from recent years. They are handling hugely exponentially growing work load SWFL REIA members have access to an 11 page report with detailed charts and graphs. This available thru our password protected member's pages on http://www.swflreia.com . You can also purchase the report for $19.99 if you are not a member. Email jeff@swflreia.com for more details or call 239 247 5061 For membership info Do you have more Questions? • You can email at jeff@swflreia.com • Or call 239 671 8248 • If you wish to have more in depth data and analyses, please email or call with your requirements to get a quote.
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