Southwest Florida Homes and Real Estate

Cape Coral Real Estate - Homes for Sale in Florida Contact Mary Ray or David Sporleder

If you have any questions or need more detailed information, please feel free to contact us via phone at 239-410-5821(Mary) 239-691-0157 (David) or fill out the form to let us know how we can help with your real estate needs.

Office Location 4002 Del Prado Blvd S
Cape Coral, Fl, 33904
Phone: (239) 410-5821
Phone: (239) 691-0157
Fax: (866) 524-5098

   

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Cape Coral Foreclosures: Short Sales

Once the home of a booming housing market, Florida is now seeing record numbers of foreclosure filings and putting a wide variety of homes on the market. According to RealtyTrac.com, foreclosures in the state are selling for about $257,576 on average—a 41% savings. Cape Coral in particular has seen a great deal of foreclosure activity, which makes this an excellent time to find a deal on real estate.

What to do when your sales price leaves you short when selling your real estate:  short selling my Cape Coral home

Read more about Cape Coral foreclosures

Cape Coral Florida Listings

All Listings Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $400,000 - $500,000
110 Properties Found. Showing Page 1 of 14
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There Is A Max Of 15 Units Allowed To Be Rented...

$45,900
City: Cape Coral, FL
Beds: 2
Baths: 2
Type: Residential
MLS® #: 214037802
Price:
$45,900
City:
Cape Coral
Beds:
2
Baths:
2
Type:
Residential
MLS® #:
214037802

There Is A Max Of 15 Units Allowed To Be Rented At Any Given Time. Subject Is Located In The City...

Photo of Listing #214037802

This Property Is Bank Owned. It Is Sold In “as...

$55,000
City: Cape Coral, FL
Beds: 3
Baths: 2
Type: Residential
MLS® #: 214037066
Price:
$55,000
City:
Cape Coral
Beds:
3
Baths:
2
Type:
Residential
MLS® #:
214037066

This Property Is Bank Owned. It Is Sold In “as-is” Condition Without Repairs Or Warranty. Buyer...

Photo of Listing #214037066

2 Bedroom/2 Bath Condo In Average Condition, Wi...

$65,450
City: Cape Coral, FL
Beds: 2
Baths: 2
Type: Residential
MLS® #: 214043138
Price:
$65,450
City:
Cape Coral
Beds:
2
Baths:
2
Type:
Residential
MLS® #:
214043138

2 Bedroom/2 Bath Condo In Average Condition, With Upgraded Bathrooms And Nice Raised Wood Cabinet...

Photo of Listing #214043138

This Is A Nice Sized Home Located On The Second...

$67,500
City: Cape Coral, FL
Beds: 2
Baths: 2
Type: Residential
MLS® #: 214042429
Price:
$67,500
City:
Cape Coral
Beds:
2
Baths:
2
Type:
Residential
MLS® #:
214042429

This Is A Nice Sized Home Located On The Second Floor. The Property Features Covered Parking, Att...

Photo of Listing #214042429

This 2 Bed, 2 Bath, First Floor Condo Is A Grea...

$67,900
City: Cape Coral, FL
Beds: 2
Baths: 2
Type: Residential
MLS® #: 214033107
Price:
$67,900
City:
Cape Coral
Beds:
2
Baths:
2
Type:
Residential
MLS® #:
214033107

This 2 Bed, 2 Bath, First Floor Condo Is A Great Year Round Or Winter Retreat Or Even An Investme...

Photo of Listing #214033107

Own Your Own Townhome In Isles Of Porto Vista. ...

$69,900
City: Cape Coral, FL
Beds: 2
Baths: 2
Type: Residential
MLS® #: 214044574
Price:
$69,900
City:
Cape Coral
Beds:
2
Baths:
2
Type:
Residential
MLS® #:
214044574

Own Your Own Townhome In Isles Of Porto Vista. This 2 Bedroom 2 Full Bathroom Unit Is Ready For N...

Photo of Listing #214044574

Excellent Opportunity To Own A Cape Coral Home ...

$72,500
City: Cape Coral, FL
Beds: 3
Baths: 2
Type: Residential
MLS® #: 214045424
Price:
$72,500
City:
Cape Coral
Beds:
3
Baths:
2
Type:
Residential
MLS® #:
214045424

Excellent Opportunity To Own A Cape Coral Home In A Great Sw Location. This Is A Concrete Block ...

Photo of Listing #214045424

Location, Location, Location. This Small, Quiet...

$85,000
City: Cape Coral, FL
Beds: 2
Baths: 2
Type: Residential
MLS® #: 214037362
Price:
$85,000
City:
Cape Coral
Beds:
2
Baths:
2
Type:
Residential
MLS® #:
214037362

Location, Location, Location. This Small, Quiet Waterfront Condo Community Known As Birch Court I...

Photo of Listing #214037362

 

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Cape Coral Florida: Foreclosures, Short Sales & Bank Owned Homes

Why are there so many foreclosures in Cape Coral and surrounding areas? During the real estate boom of the mid-2000s, there was a major influx of buyers in Southwest Florida. Builders flocked to the area, banks had lax lending standards, and homes flew off the shelves.

Because real estate markets naturally ebb and flow, an inevitable market correction came. Suddenly there were more homes than interested buyers, and many of the homeowners who had subprime mortgages saw their monthly payments balloon. After missing a couple of payments, the foreclosure process began on their homes.

Homeowners who are struggling with their mortgages may try to sell their homes through a short sale, which involves selling their property for less than they owe. If they're unable to do this, the property will be put up for auction. If the auction doesn't result in a sale, ownership of the homes revert to the lender, and the house is now considered a "bank owned" home or "REO."

Because lenders aren't particularly interested in owning real estate, Cape Coral foreclosures generally sell for much less than they would have a couple of years ago. Right now, buyers looking for a slice of paradise in Southwest Florida can scoop up some great deals if they shop carefully. There are also fewer buyers on the market because lending requirements have become much stricter. This puts you in a strong position to negotiate for your Cape Coral home. 

Purchasing a short sale, foreclosure property, or bank owned homes does have its risks, however. Not all properties are worth what the bank is trying to sell them for, and some houses will require costly repairs. To make sure that the home you're thinking of buying is a good investment, it's important to have an experienced real estate agent by your side.

If you're interested in buying a foreclosure, short sale, or bank owned home in Cape Coral FL, contact us for expert advice.

Cape Coral Communites

The data relating to real estate for sale on this website comes in part from the REALTOR® Association of Greater Fort Myers and the Beach, Inc.. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

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Cape Coral Homes for Sale