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Jeffrey Tumbarello

Lee County Florida Foreclosure Breakdown

1833 Total for Lee County Mortgage foreclosures
565 were homesteaded
762 were 2 years or older
1667 at least 1 year old
1830 at least 6 months old
FORECLOSURES BY THE NUMBERS:

PRIMARY RESIDENCES: 565

BY PROPERTY TYPE

APARTMENT 1

COMMERCIAL 2

CONDOMINIUM 127

DUPLEX 22

INDUSTRIAL 1

MANUFACTURED HOME 1

MOBILE HOME 7

MULTI-FAMILY 44

RESTAURANT 2

SERVICE STATION 1

SINGLE-FAMILY HOME 1,276

TOWNHOUSE 4

TRIPLEX 1

VACANT COMMERCIAL 4

VACANT RESIDENTIAL 278

WAREHOUSE 1

OTHER 60


3 first payment defaults, either the QC guys are getting good or... you only get a loan right now if you walk on water

I am starting to think the tight lending standards are a result of most of the foreclosures being recent loans, if they close off the spigot, maybe it will dry up, in the bankers world, by golly it makes sense, well when you cut off money in motion because of the current failures, the current "trying not to fail" start going over the proverbial cliff as well. Wink

I think in the end, they will fix the problem; the horse can't get out, because burned the barn down Shocked

That sure is a heck of the way to keep the horse from getting out; we have a new term here, Equine, Scorched Earth Finances? Laughing ,
Or... did they speculate on the "new economy" debt instruments and now they have nothing to lend? Inquiring minds want to know

In the end,while I understand fully what is happening and why it must happen, I still find empathy for those I its path. This could be a god send for some, teach them what works and does not
Because... in the end, until you Income exceeds your Expenses; all wealth will not be forever
Praise the lord and pass the ramen noodles

Collier County Monthly Luncheon

Collier Luncheon

Collier County Monthly Luncheon

2nd Monday/Month

Next Luncheon: Feb. 11th, 2007 from 11:30 AM to 1:00 PM

Where: Frascati's Italian Rest., 1258 Airport Pulling Rd., Naples, FL.

Cost: Lunch Only

Hosted by: Dave Bufton

Speaker: The Group

We will have a mastermind session

How to Succeed 2008

For Members and First Timers, The Cost is your Lunch Only

Non-Members The Cost is $10.00 plus Your Lunch.

Come Join Us!