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News Story
Updated: 07/11/2014 08:03:11AM

Foreclosures hold steady

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SOUTHWEST FLORIDA — Charlotte County has reached a palatable plateau in the number of foreclosures being filed, registering 59 in June — four more than the previous month, and the third time in the last four months home defaults have ranged in the 50s. In contrast, there were 148 new foreclosures in June 2013 — meaning the year-over-year totals have fallen a whopping 60 percent.

In fact, the last time the county posted a monthly total of triple-figure foreclosures was a year ago, according to the Charlotte County Clerk of Courts. And the last time Charlotte has seen a comparable number of double-digit lis pendens was in 2006. A lis pendens is a notice of legal action that begins the foreclosure process.

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