Southwest Florida Homes and Real Estate

Cape Coral Real Estate | Sporleder-Ray Realty Group, 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 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

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
$900,000 - $1,000,000 Over $1,000,000
109 Properties Found. Showing Page 1 of 14
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First Floor Coralee Condo Offering 2 Bedrooms, ...

$54,900
City: Cape Coral, FL
Beds: 2
Baths: 2
Type: Residential
MLS® #: 215014129
Price:
$54,900
City:
Cape Coral
Beds:
2
Baths:
2
Type:
Residential
MLS® #:
215014129

First Floor Coralee Condo Offering 2 Bedrooms, 2 Baths And Close To The Community Pool. Community...

Photo of Listing #215014129

Foreclosed Property. Perfect For First Time Bu...

$57,200
City: Cape Coral, FL
Beds: 2
Baths: 2
Type: Residential
MLS® #: 215013821
Price:
$57,200
City:
Cape Coral
Beds:
2
Baths:
2
Type:
Residential
MLS® #:
215013821

Foreclosed Property. Perfect For First Time Buyers Or Investors. 2bed/2bth First Floor Corner ...

Photo of Listing #215013821

Great Gulf Access Condo In Popular Sw Cape Cora...

$80,300
City: Cape Coral, FL
Beds: 2
Baths: 2
Type: Residential
MLS® #: 215012218
Price:
$80,300
City:
Cape Coral
Beds:
2
Baths:
2
Type:
Residential
MLS® #:
215012218

Great Gulf Access Condo In Popular Sw Cape Coral Area, This Condo Would Be A Perfect Retirement O...

Photo of Listing #215012218

2 Bedroom 2 Bath With A 1 Car Attached Garage J...

$81,900
City: Cape Coral, FL
Beds: 2
Baths: 2
Type: Residential
MLS® #: 215011934
Price:
$81,900
City:
Cape Coral
Beds:
2
Baths:
2
Type:
Residential
MLS® #:
215011934

2 Bedroom 2 Bath With A 1 Car Attached Garage Just Waiting For Some Special Attention. This Cozy ...

Photo of Listing #215011934

This Is An Auction. This Property Is Bank Owne...

$83,740
City: Cape Coral, FL
Beds: 3
Baths: 2
Type: Residential
MLS® #: 215014317
Price:
$83,740
City:
Cape Coral
Beds:
3
Baths:
2
Type:
Residential
MLS® #:
215014317

This Is An Auction. This Property Is Bank Owned. It Is Sold In “as-is” Condition Without Repair...

Photo of Listing #215014317

A Cbs Home On An Oversized Lot In Cape Coral Fo...

$84,000
City: Cape Coral, FL
Beds: 3
Baths: 2
Type: Residential
MLS® #: 215014963
Price:
$84,000
City:
Cape Coral
Beds:
3
Baths:
2
Type:
Residential
MLS® #:
215014963

A Cbs Home On An Oversized Lot In Cape Coral For Under $85k! Close To Del Prado, Pine Island Rd,...

Photo of Listing #215014963

Hey Folks- Are You Looking For That Perfect Fir...

$87,500
City: Cape Coral, FL
Beds: 3
Baths: 2
Type: Residential
MLS® #: 215004278
Price:
$87,500
City:
Cape Coral
Beds:
3
Baths:
2
Type:
Residential
MLS® #:
215004278

Hey Folks- Are You Looking For That Perfect First Home!! Well Here It Is. This Home Features A La...

Photo of Listing #215004278

This 3 Bedroom 2 Bath Se Cape Coral Home Is Rea...

$89,900
City: Cape Coral, FL
Beds: 3
Baths: 2
Type: Residential
MLS® #: 215000675
Price:
$89,900
City:
Cape Coral
Beds:
3
Baths:
2
Type:
Residential
MLS® #:
215000675

This 3 Bedroom 2 Bath Se Cape Coral Home Is Ready For You And Your Finishing Touches. Located On ...

Photo of Listing #215000675

 

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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