Distressed market moving on in Lee

Investors chasing deals on foreclosed homes in Lee County may discover that the market has moved on.

The Southwest Florida Real Estate Investors Association recently found that a majority of transactions today are traditional sales, not foreclosures or short sales.

“The one thing you have to know is the distressed market does not matter anymore,” says Jeffrey Tumbarello, executive director of the association and a senior associate with Steelbridge Realty.