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|
|$600,000 - $700,000||$700,000 - $800,000||$800,000 - $900,000|
2 Bed • 2 Bath • 1,040 Sf
35 Arapaho Trl, NAPLES
Location! Location! Location! The Property Is Part Of The Hitching Post Mobile Home Park Community With 2 Bedroom & 2 Bath. Property Features A Sto...View Listing
3 Bed • 1 Bath • 1,300 Sf
1847 Henderson Ave, FORT MYERS
Great Starter Home 3 Bed 1 Bath, Centrally Located And Near The ParkView Listing
2 Bed • 2 Bath • 1,104 Sf
536 Charlemagne Blvd, NAPLES
Riviera Golf Estates 2 Bedroom, 2 Bath Golf View Home. This Affordable Home Is In A 55+ Community With A Public Golf Course And Low Hoa Fees. Riv...View Listing
2 Bed • 2 Bath • 1,026 Sf
3917 Country Club Blvd 104, CAPE CORAL
Great 2 Bedroom 2 Bath Value Condo. This First Floor Corner Unit Is Centrally Located And Close To Everything. Located In Countryside Of Cape Co...View Listing
2 Bed • 2 Bath • 1,134 Sf
8761 Lueck Ln, 3, FORT MYERS
Wonderful Opportunity To Purchase A 55 Plus Condo Unit With 2 Bedrooms And 2 Full Bathrooms. This Is A 1st Floor Condo Unit In Cypress Lakes Manor ...View Listing
2 Bed • 2 Bath • 1,442 Sf
401 Avenue S Sw, MOORE HAVEN
Downtown Moore Haven Location Just One Block From The Banks Of The Caloosahatchee River! This Unique 2 Bedroom 2 Bath Home Is Located In The Heart ...View Listing
2 Bed • 2 Bath • 1,069 Sf
1051 N Palm Ave, 122, NORTH FORT MYERS
....this Is An Auction Property..new Auction Dates 03/20/19 To 03/22/19...rare Opportunity For First Time Buyers For This Charming 2 B/r, 2 Full B...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.