Cape Coral Foreclosures: Short Sales

Once the home of a booming housing market, Florida saw a record numbers of foreclosure filings and therefore putting a wide variety of homes on the market.  Cape Coral in particular saw a great deal of foreclosure activity, which made it an excellent time to find a deal on real estate. Even though foreclosures have slowed down tremendously, there are still great deals in the area for the serious home buyer.  Looking for something that meets your needs then give us a call at 239-691-0157 or 239-410-5821, we look forward to helping you.

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

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3 Bed • 2 Bath • 1,296 Sf • 1 Acres


340 N Nogal St, CLEWISTON

3/2 Manufactured Home, Property Needs Extensive Clean Up And Trash Out. Property Being Sold As Is.

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Reduced 13%

2 Bed • 1 Bath • 952 Sf


357 Joel Blvd, 217, LEHIGH ACRES

2 Bedroom 1 Bath Condo In This Well Established Community. The Home Includes An Open Updated Kitchen With A Pantry, Glass Top Stove And Side By Sid...

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Reduced 10%

2 Bed • 2 Bath • 1,152 Sf


2820 Breezewood Dr, NORTH FORT MYERS

55+ Community. Family Room With A Walk Out Lanai, Large Kitchen W/breakfast Counter, Built-in Cabinets In The Dining Room, Cathedral Ceilings, Acce...

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Reduced 8%

3 Bed • 2 Bath • 1,329 Sf • 2 Acres


1279 Ted Beck Rd, MOORE HAVEN

This Three Bedroom Two Bath Manufactured Home Has 1,329+/- Square Feet Of Living Area And Sits On 2.35+/- Acres Of Land Only Minutes Away From Publ...

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Reduced 1%

2 Bed • 2 Bath • 1,040 Sf


203 Oaklawn Ct, LEHIGH ACRES

2 Bedrooms And 2 Baths Condo With A Spacious Living Room And A Florida Room, Located On A Cul-de-sac Within Golfview One Community With A Nice Priv...

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3 Bed • 2 Bath • 1,008 Sf


815 Edison Ave, LABELLE

Renovations Have Been Completed. This Home Is Move One Ready And Waiting For Its New Family. Its Features Include 1,008+/- Square Feet Of Living Ar...

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2 Bed • 1 Bath • 1,387 Sf


600 Arthur Ave, LEHIGH ACRES

Single Family Home In Central Lehigh Acres. Close To All Amenities, Schools And Bus Lines. Make Your Offer Today! Note: Bank Of America, N.a. Em...

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2 Bed • 2 Bath • 869 Sf


17421 Birchwood Ln 4, FORT MYERS

Ground Floor Corner Unit 2/2 Condo Located In The Desirable Timberlake Community With Pool, Shuffleboard, Tennis & More. This Unit Is Awaiting Your...

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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 Southwest Florida Multiple Listing Service. 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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