10,700 Foreclosures in Lee County, Florida during 2007

Almost seems unbelievable to say that we ended the year with a total of 10,700 Lis Pendens Cases being filed in Lee County.

For the year, there were 7,324 single-family foreclosures, which is equal to 4 percent of the county’s 180,305 single-family homes. The other 3,376 filings are made up of "other" property types like vacant lots and commercial properties.

Cape Coral was Ground Zero, where 4,858 were filed — almost half the total.

Lehigh Acres followed coming in second with 2,684.

In a way, Cape Coral was a victim of its own success as prices surged in the boom that ended in late 2005, said Bob Knight, president of the Lee Building Industry Association and co-owner of Paul Homes, which builds houses mainly in the city. The city’s waterfront lots will also help it come back when the market recovers, he said. “Water has such value. This is when somewhere like Lehigh Acres struggles a bit. Where’s the amenity, who’s going to come out of it quicker?”

Do you have your area's tally on Lis Pendens Filings-Foreclosures?

How do you compare statistically to Lee County, FL?