While Broward County leads the list of federal aid requests coming from troubled homeowners, Lee County registered a slow start. Only 135 people in Lee had applied as of Friday for the Florida Hardest Hit Fund, which was launched April 18, the statistics released by Florida Housing Finance Corp. show. The corporation administers the program [...]
The median price of an existing home located in Lee County is up 11% from $91,500 registered in February to $101,900 in March. While this is a pretty good sign, analysts and brokers say it doesn’t mean that Lee County housing market is on its way to recovery. The number of foreclosures which saw a [...]
Lee County’s biggest foreclosure action which is a serious amount of $340 million dollars and it’s made up from Tarpon Point and two other properties didn’t represent much interest for investors. The lack of serious bids made the properties go back to their lender SNSPF Interim Finance BV, a Netherlands-based private company. The lender filed [...]
In a joint effort to transform Lee County’s expedited foreclosure system Georgi Merrigan, a 40-year-old paramedic juggling her husband’s medical bills, several jobs and the foreclosure of her Cape Coral home turned to be the leader of people facing similar situation. The American Civil Liberties Union filed a 400-plus page petition Thursday with the 2nd [...]
Although analysts don’t see the light yet in the nationwide picture, the housing market in Lee and Collier counties is improving. That is the opinion of local economist Bradley Hunter, national director of consulting for Metrostudy and Dennis Lockhart, president and CEO of Atlanta Federal Reserve Bank. “Fort Myers is doing better than perceived, but [...]
The New York-based ACLU organization will file a petition for a writ of certiorari with the Second District Court of Appeals on behalf of an unnamed resident. The writ sustains process violations and systemic deficiencies in the foreclosure dockets that result in a loss of protection of troubled homeowners. The ACLU will hold a press [...]
In Lee County, new foreclosure filings declined to a new three-year low in February. There were 315 filings last month, down from 341 in January and 1,394 a year ago, according to a report by the Lee County Clerk’s Office. Of the total filings in February, 162 were for properties with a homestead exemption, 124 [...]
