2008 Foreclosure Report

2008 represents the first year that we have been tracking foreclosures in Tallahassee, so consider this the “base” of all of our future measurements and analysis. This report shall be brief, as there is no historical comparisons that can be made, other than most reporting agencies stated that 2008 showed significantly more lis pendens filings and foreclosures than any recent year.

During 2008, there were 1,501 lis pendens filed and 159 foreclosure sales. This means that if we look at the ratio of foreclosure sales to lis pendens filings, we can say that roughly 11% of the homeowners who were served with a foreclosure suit have actually made it to a foreclosure sale.

While I suspect that some of the remaining 89% were able to cure their problem, most of these homes will be hitting the market soon via short sale or foreclosure sale.

Most Active Subdivisions In Tallahassee

The following graph and table show the Tallahassee Subdivisions that were hit the hardest with lis pendens filings in 2008.

Real Estate Graph of Lis Pendens Filings In Tallahassee By Subdivisions

Subdivision Lis Pendens Filed % of All
WOODBRIAR 41 2.8%
KILLEARN LAKES 39 2.6%
SOUTHWOOD 32 2.2%
KILLEARN ESTATES 31 2.1%
VILLAGES AT WILSON GREEN 23 1.5%
BLOXHAM HEIGHTS 19 1.3%
KILLEARN ACRES 15 1.0%
WILLIS PROPERTY TOWNHOMES 15 1.0%
APALACHEE RIDGE 13 0.9%
VILLA MITCHELL 13 0.9%
WOLF CREEK 13 0.9%
MEADOWS AT WOODRUN 11 0.7%
NATURAL WELLS 10 0.7%
PINERIDGE ESTATES 10 0.7%
SANDSTONE RANCH 10 0.7%
AUTUMN WOODS 9 0.6%
BOND SOUTH 9 0.6%
EASTGATE 9 0.6%
PINEY-Z 9 0.6%
RESIDENCES AT WHISPERING PINES C 9 0.6%
SAVANNAH CROSSING CONDOMINIUM 9 0.6%
13-01N-01W 8 0.5%
HUNTINGTON WOODS 8 0.5%
LAKEWOOD VILLAGE 8 0.5%
PINE RIDGE MOBILE HOME ESTATES 8 0.5%
PLANTATION WOODS 8 0.5%
SETTLERS CREEK 8 0.5%
CHASE’S RUN 7 0.5%
DRY CREEK RUN 7 0.5%
EASTWOOD 7 0.5%
INDIAN HEAD ACRES 7 0.5%
RUSSELL’S POND 7 0.5%
WEEMS PLANTATION 7 0.5%
ARBOR HILL 6 0.4%
BEACON HILL 6 0.4%
BOND 6 0.4%
FAIRVIEW 6 0.4%
GRIFFIN COLLEGE HEIGHTS 6 0.4%
HUNTINGTON ESTATES 6 0.4%
LAKESIDE 6 0.4%
LENOX MILL 6 0.4%
SUMMERBROOKE 6 0.4%
TERRENCE HEIGHTS 6 0.4%
APALACHEE HILLS 5 0.3%
BOXWOOD ESTATES 5 0.3%
CHARLESTON SQUARE TOWNHOMES 5 0.3%
CHEMONIE CROSSING 5 0.3%
CRAWFORDVILLE TRACE 5 0.3%
CROWN RIDGE ESTATES 5 0.3%
DEERFIELD PLANTATION 5 0.3%
FOREST PARK 5 0.3%
GOLDEN EAGLE UNIT 6 5 0.3%
GOLF DRIVE MANOR 5 0.3%
HOLLY HILLS 5 0.3%
LAKE HERITAGE ESTATES 5 0.3%
LIPONA BLUFF (RENEGADE VILLAGE) 5 0.3%
MABRY MANOR 5 0.3%
PLANTATION OF TALLAHASSEE PECAN 5 0.3%
SEMINOLE MANOR 5 0.3%
SUMMERCHASE CONDOMINIUMS 5 0.3%
THE LAKES 5 0.3%
VILLAS OF WESTRIDGE 5 0.3%
WHISPERING PINE WOODS 5 0.3%
WOODRUN EAST 5 0.3%
WOODRUN GARDEN HOMES T/H 5 0.3%
08-02S-01E 4 0.3%
25-01N-01W 4 0.3%
26-01N-01W 4 0.3%
ASTORIA PARK 4 0.3%
BELAIR 4 0.3%
BRIGHTON PLACE CONDO 4 0.3%
BUCKHEAD 4 0.3%
CAMELOT PARK 4 0.3%
CENTERVILLE TRACE 4 0.3%
COLLEGE TERRACE 4 0.3%
CRESCENT HILLS 4 0.3%
EASTVIEW ADDITION 4 0.3%
FOREST GREEN 4 0.3%
LAFAYETTE OAKS 4 0.3%
MELODY HILLS 4 0.3%
MYRTLEWOOD 4 0.3%
OAK RIDGE PLACE 4 0.3%
OAK VALLEY 4 0.3%
OSCEOLA HEIGHTS 4 0.3%
PALMS WEST CONDOMINIUM 4 0.3%
PARK BROOK CROSSING 4 0.3%
PARKHILL 4 0.3%
PECAN GROVE ESTATES 4 0.3%
PINE ACRES 4 0.3%
PINE FOREST 4 0.3%
PLANTATION ESTATES 4 0.3%
RUNNYMEDE 4 0.3%
SHANNON FOREST 4 0.3%
SHERWOOD PARK 4 0.3%
SOUTHERN PINES 4 0.3%
SPRING VALLEY 4 0.3%
TALCO HILLS 4 0.3%
TALLAHASSEE HIGHLANDS 4 0.3%
THE MEADOWS 4 0.3%
TRIMFAN 4 0.3%
VIEW POINTE 4 0.3%
WESTOVER TOWNHOMES 4 0.3%
WOODLAND DRIVE 4 0.3%
WOODSIDE HEIGHTS 4 0.3%
04-01S-01E 3 0.2%
05-01S-01E 3 0.2%
07-01N-01W 3 0.2%
16-01N-01E 3 0.2%
17-02S-01E 3 0.2%
24-01S-01W 3 0.2%
28-02N-02E 3 0.2%
29-01N-01E 3 0.2%
AVONDALE 3 0.2%
AZALEA PARK 3 0.2%
BLAIRSTONE FOREST 3 0.2%
BREWSTER ESTATES 3 0.2%
BULL RUN 3 0.2%
CAPITAL CITY ESTATES 3 0.2%
CAPITAL HEIGHTS 3 0.2%
CENTER HILL ACRES 3 0.2%
CLIFFORD HILL PLACE 3 0.2%
COPPER CREEK 3 0.2%
ELBERTA EMPIRE 3 0.2%
EMERALD ACRES 3 0.2%
FOREST GROVE 3 0.2%
FOXCROFT 3 0.2%
FOXWOOD UNREC 3 0.2%
FRONTIER ESTATES 3 0.2%
GLEN AT GOLDEN EAGLE 3 0.2%
GLEN POINT TOWNHOMES 3 0.2%
HARTSFIELD WOODS 3 0.2%
HERRING 3 0.2%
HUTCHINSON HEIGHTS 3 0.2%
LAKE JACKSON HEIGHTS 3 0.2%
LAKESHORE ESTATES 3 0.2%
LAKEWOOD 3 0.2%
LAKEWOOD ESTATES 3 0.2%
MEADOWBROOK 3 0.2%
MISSION MANOR 3 0.2%
OAK HILL FARMS 3 0.2%
OX BOTTOM MANOR 3 0.2%
PARADISE VILLAGE 3 0.2%
PARK CHARLESTON 3 0.2%
PINE LAKES 3 0.2%
RESERVE AT THE RIDGE 3 0.2%
RICHLAND 3 0.2%
ROCKBROOK VILLAGE 3 0.2%
SCENIC MEADOWS 3 0.2%
SHAW PLANTATION 3 0.2%
SILVER RIDGE ESTATES 3 0.2%
SOUTH GADSDEN STREET TOWNHOMES 3 0.2%
SOUTHWOOD UNREC 3 0.2%
SPEED SUB 3 0.2%
STONEY CREEK CROSSING 3 0.2%
THARPE STREET VILLAGE 3 0.2%
THE TIMBERS TOWNHOMES 3 0.2%
TIMBER LAKE REPLAT 3 0.2%
TOWERS 3 0.2%
TOWN ‘N COUNTRY PARK 3 0.2%
VALLEY VIEW 3 0.2%
WOODBERRY 3 0.2%
YON’S LAKESIDE ESTATES 3 0.2%

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