Lee County Real Estate Statistics Improve

According to a recently published article in the New-Press this morning, “Real Estate Stats Improve,” we see foreclosure filings decreasing while, building permits are up.   This is good news for many who have faced the trauma of losing their home and those who are still in the think of it, our hearts reach out to you. As we have helped dozens of Lee County Residents save their credit through the Short Sale of their home, we know how tiresome the process can be.  We also know that communication during the entire process is what you need and expect, and we provide that with weekly updates on progress of the file.  Now, lets get back to our news article.  ONLY, 10,669 Foreclosure filings were filed in 2010.   I emphasis only because 10,000+ homes is a tough number to stomach.  However, with a rate of 12,000 homes sold in 2010, we could suspect to go through this inventory in 2011. As the banks have been able to do some creative accounting they are able to hold these non-performing assets much longer so they are able to allocate them into the system as if they are stacks of cereal boxes in a warehouse.  “Hey Jonny, we sold one today, can you scan the next house to go on the market.”   The silver lining, because of the banks ability to hold this “assets” and trickle them into the system the prices are not dropping out of the sky.  Just imagine, if our inventory went from 11,000 units to 15,000 because of the “shadow inventory” just in Lee County prices would drop 10% that month, so thank you to creative minds in the banking industry for your accounting abilities.  OH, and if you could do my books this year, I might be able to show a profit too…LOL.