Lenders filed 409 foreclosure lawsuits in Lee County in December, according to statistics released by the Southwest Florida Real Estate Investors Association.

 

In a separate report, the county Department of Community Development said builders pulled 19 permits for single-family homes in December in the unincorporated part of the county — bringing the year’s total to 384, a 16 percent increase from 2009’s 331.

During the housing boom that ended in late 2005, hundreds of permits a month were pulled. The number dropped sharply starting in 2006.

December’s 409 foreclosures was an increase from November’s 343 but still far below the peak of 2,665 reached in October 2008 after the housing crash caused homeowners and investors to lose properties, according to the association’s report.

The number of filings dropped sharply last year after some large banks discovered problems with how the paperwork had been handled on previously filed foreclosures.

The county’s report said the total number of permits issued in 2010 was 30,481, up 25 percent from 2009’s 24,374.

Story Courtesy Of the News-Press.