The economic crisis has greatly affected various sectors of the economy and one of the major industries that were deeply affected was the real estate industry especially in regions with numerous residential and commercial areas like Collier County and Lee County in Naples, Florida. For the past years, foreclosure activities have been increasing in these areas resulting to large foreclosure judgments especially for foreclosed commercial establishments.
The good news is that lis pendens are now starting to slow down this year so real estate experts are expecting less foreclosure activities and the start of the recovery of the real estate market in Naples for this year. A lot of areas and development projects are still ongoing taking advantage of the good
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