June 2024 Lee County Florida Foreclosure ReportThe June 2024 Lee County Foreclosure Report was complied by Jeff Tumbarello, Director SWFL REIA , Broker/Owner Steelbridge Realty LLC Principal , Venture Investment PartnersThis is my work, done for me and shared with youThe data in the report came from multiple sources.Those sources are:The Lee County Clerk of Court, and MLS data (from my membership as the Broker of Steelbridge Realty LLC)We haven’t published this report in a while as the market trajectory previously rendered this dataset less crucial for forward-looking decisions.

Networking and really narrowing down specifically what you are looking for is crucial. 

Understanding local market dynamics, building a trustworthy local network, and being prepared for potential travel are crucial steps to mitigate these challenges and make informed investment decisions.

As you begin, it's essential to familiarize yourself with the key concepts and strategies that will help you succeed.First and foremost, building a strong network is crucial.

Where as some old park in the deep south , Well is not if you know what I mean.I have a client I did bizz with years ago.. and they owned 5k spaces in Orange county Ca ( all of them debt free) they were brothers and started buying in the early 50s..

This will of course vary by jurisdiction, which is why it is crucial to work with a local builder who has actually constructed many ADUs and dealt with the pitfalls on previous projects.

Hi Peter, I’m a little North of there in East Orange.

This year is so crucial I want too see whether lender like LoanCore survive this year or not … it would be easy to reinvest in 2026

The primary purpose is to assist eligible veterans in purchasing, building, repairing, retaining, or adapting a home for personal occupancy.Asset Protection Strategies: If your goal is to protect your assets, there are other strategies you might consider:Insurance: Obtaining adequate insurance coverage, like homeowner's insurance and umbrella policies (as @Greg Scott mentioned), can provide a layer of protection against liabilities.Homestead Exemption: Some states offer a homestead exemption that can protect a portion of your home's value from creditors.Trusts: In some cases, placing the property in a trust can provide asset protection, although this can be complex and requires legal expertise.Legal and Financial Advice: It's crucial to seek advice from legal and financial experts.

However, enforcement of due-on-sale clauses can vary, and some lenders may not immediately call the loan due if payments are current and the sale does not trigger other concerns.Disclosure to Buyer: When selling a property "subject to," it's crucial to disclose this arrangement to the buyer.