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
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|
|$500,000 - $600,000||$600,000 - $700,000||$700,000 - $800,000|
|$800,000 - $900,000||$900,000 - $1,000,000||Over $1,000,000|
1 Bed • 1 Bath • 685 Sf
746 Eagle Creek 526 Aka Dr 103, NAPLES
Walk Out Your Backdoor Right On To The Driving Range!! Outstanding Southern Naples Location Close To Downtown Naples And Marco Island! 1 Bedroom, 1...View Listing
3 Bed • 2 Bath • 1 Sf
3407 Winkler Ave, 303, FORT MYERS
3 Bedroom, 2 Bath Unit. Completely Unfinished. Sold As-is. Beautiful Condo Community With Shared Pool, Fitness Center, And Clubhouse! Located Close...View Listing
3 Bed • 2 Bath • 1,392 Sf
1318 Old Bridge Rd, NORTH FORT MYERS
Excellent Opportunity For Skilled Rehabber Or Handyman. Plenty Of Equity With Much Higher After Repair Value To Work With. Old, Charming And Spacio...View Listing
1 Bed • 1 Bath • 720 Sf
1849 Maravilla Ave, D3, FORT MYERS
Bali Hai Condo Living. Community Swimming Pool. Close To Fort Myers Country Club Golf Course And Edison Restaurant, Both Open To The Public. The...View Listing
2 Bed • 2 Bath • 924 Sf
2231 5th St 204, LEHIGH ACRES
Great Opportunity! Located In Golfview Manor, A 55+ Golf Community, Second Floor 2/2 Unit With Golf Course View. Make Your Appointment Today!View Listing
3 Bed • 2 Bath • 1,152 Sf • 1 Acres
770 S Olivo St, CLEWISTON
Great Manufactured Home On 1.25 Acres Located East Of Labelle In Montura Ranch Estates. This 3 Bedroom 2 Bath Double Wide Mobile Home Is Situated O...View Listing
2 Bed • 1 Bath • 696 Sf • 1 Acres
1205 Wagner Ave, LEHIGH ACRES
This Two Bedroom, One Bath Home Is Situated On A Half-acre Home-site In Lehigh Acres, Fl And Has Just Under 700 Living Sq. Feet. This Home Does Nee...View Listing
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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.