The crush of foreclosures in the Southwest Florida real estate market has seriously started to subside as we head into 2012. It seems Lenders only filed 5,419 foreclosure lawsuits in Lee County in 2011, a decrease of 48.3% from the 10,447 in 2010 and 75.1% below the peak of 21,768 filings in 2009. For Collier County, Lenders filed 2,842 foreclosure lawsuits, a decrease of 36.2% from the 4,452 in 2010 and 72.5% below the peak of 8,421 filings in 2009. All in all, it’s not too bad when you consider we’ve had well over 100,000 foreclosures in the two county areas since January, 2006.

Continue Reading Southwest Florida Foreclosures: 2011 End of Year Review

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