Short Sales & Foreclosures 
Information for buyers and sellers in Southwest Florida about short sales and foreclosures.
There are currently 5 blog entries related to this category.
Cape Coral Real Estate - What You Need t Know About Buying Foreclosures
Friday, January 28th, 2011 at 1:21pm. 485 Views, 0 Comments.
Cape Coral Real Estate - What You Need to Know About Buying Foreclosures
Who hasn’t thought of what a wonderful buying opportunity foreclosure property could be? We all know a bargain when we see one, and getting a piece of that Cape Coral waterfront at half price or less of what someone else payed for it, is certainly a bargain, or is it? The truth is that foreclosures sometimes really can be a steal of a deal. However, buying a foreclosure is a complex process and there are certain things savvy buyers should watch out for.
Foreclosure Basics
Foreclosures are simply Cape Coral Properties that are bank owned, usually because of a mortgage default. Having that said, it is important for potential investors to understand that foreclosures may come with…
Dignity and a Short Sale
Thursday, December 9th, 2010 at 10:14am. 826 Views, 0 Comments.
Dignity and a Short Sale...Can the two Exist Together?
If you are facing foreclosure and considering a short sale, there is much more to think about than just numbers, credit repercussions, and finances.
This is your home. The purchase of your home was most likely one of the most emotionally driven decisions you have ever made. Whether it was your first home purchase or your fifth, it still holds many memories, holiday dinners, remodeling projects, and laughter. Even if the home is in distress due to a divorce, it is still the place where you feel comfortable and has a certain amount of security for you.
If you have become friends with your neighbors, as is often the case, you may not want to make the fact that you are in financial danger…
To short sale or not - that is the question
Saturday, November 20th, 2010 at 8:13am. 327 Views, 0 Comments.
To short sale or not….that is the question!
Just like the Shakespeare saying…to be or not to be people here in Cape Coral are asking themselves to short sale or not.
If you live in Cape Coral and want to sell your home in a short sale transaction, you are probably asking yourself is it really possible for a Cape Coral home short sale to actually close. What about the things I read about in the news or hear thru the grapevine that the short sale process is time-consuming and full of headaches and heartaches due to the uncooperative mortgage lenders? Times have changed with short sales and the process has been streamlined to enable the lenders to work with homeowners to resolve and sell their homes in a timely manner and with less…
Foreclosures in Cape Coral & Fort Myers Mean Incredible Opportunities for Buyers
Wednesday, July 15th, 2009 at 9:39am. 505 Views, 1 Comments.
According to RealtyTrac®, the Cape Coral-Fort Myers real estate market has one of the highest rates of foreclosure in the nation—their most recent data is from May 2009—with approximately 1 out of every 82 properties entering foreclosure. The average for the entire state of Florida is 1 out of every 148 homes. The community of Lehigh Acres has been particularly hard hit, with bank owned homes selling for about a fraction of what they were just two years ago. The Florida Association of Realtors reported that the median price for homes in the Cape Coral-Fort Myers metro area was just $88,500 in May of this year.
While these numbers hint at the difficult times homeowners in Lee County are facing, they also suggest a boon for buyers.
Investors,…
Cape Coral Short Sales: A Crash Course
Friday, July 10th, 2009 at 9:46am. 435 Views, 1 Comments.
Interested in purchasing a beautiful Cape Coral waterfront home? Maybe you've always dreamt of owning a home in Cape Coral but thought it was out of reach. With short sales becoming ever more available, owning a home in Cape Coral may not be as far off as you had previously thought.
What is a short sale? A short sale is when a property is sold for less than is owed on the mortgage.
When is it done? Homeowners who are struggling to make their mortgage payments may try to arrange a short sale so they can avoid going through foreclosure. Banks will approve a short sale when it's in their best interest to do so. If they think they can recoup more money through a foreclosure, then they'll deny the homeowner's request for a short sale.
Who…