The Fort Myers-Cape Coral metropolitan area’s foreclosure rate ranked fifth in the country during May, according to RealtyTrac.com, although its foreclosures decreased by 19 percent compared to May 2009. Lee County recorded 3,576 foreclosures during May, the second highest foreclosure rate in Florida, a 2.8 percent increase from April and an 18.6 percent drop from May ‘09. Collier had 1,237 foreclosures, the ninth highest rate in Florida, a 9.6 percent increase from April and a 2.3 percent increase from the same time last year. Charlotte County totaled 705 foreclosures, the sixth highest rate in the state, a 25.7 percent increase from April and an 8.5 percent increase from May 2010. Florida tallied a total of 50,685 foreclosures during May, good for the third highest rate in the nation. Florida accounted for 16 percent of all U.S. foreclosures in May. Nationally, foreclosure rates decreased by 3 percent from April and increased less than 1 percent over May ’09.
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Michael Polly ASR, CDPE, CPV, ePro, GRI, NVSI-Certified, REOTrans Platinum, SFR, USCG Captain
Vice President
Denny Grimes and Company, Inc.
1870 Clayton Court
Fort Myers, FL 33907
Local: (239) 689-7699
Toll Free: (866) 466-3822
Fax: (239) 689-7676