Foreclosures are finally slowing down in Lee County Florida. For the first time in years Monday March 22,2010 there were no court filings for foreclosures. This does not mean it is over by no means, it is a step in the right direction though.
11.9 % of all housing units in Lee county Florida were foreclosed on or in the process of foreclosure in 2009 ,21,678 filings in 2009. 2010 is starting out much better with only 1400 filings in February of 2010. I know the numbers are still high but we are making progress.
On a lighter note, foreclosed properties are getting sold in record numbers Thu-out the state of Florida. Many properties are being pursued by multiple buyers and are being sold above the listed price. 71% of all the properties sold are to cash buyers with closings within 30 days. It is great to get the properties sold to families that will maintain the homes and get these abandoned homes back in shape . Pride of ownership is taking place with communities coming back to life.
Time is a tremendous healer and I can see our communities are thriving in a short time !
