Bank REPOS Update

July 23, 2015 Posted by Matt

Bank Repos UpdateAccording to the latest Bank REPOS update by RealtyTrac, the number of bank repossessions (REOs) of Lee County homes in for the first half of the year was 1,388 which is an increase from 1,259 during the same period last year. That compares with 79 in 2006, when RealtyTrac started reporting REOs, and a high of 5,558 in 2009.  REOs in Collier County for the first half of this year totaled 353 which is a decrease from 449 in the first half of last year. The lowest number of REOs was 6 in 2006 and the highest was 1,426 in 2010. Charlotte County REOS finished at 507 for the first six months of the year, down from 422 during the same period in 2014. That compares with 17 in 2006 and 1,426 in 2010.