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
2 Bed • 2 Bath • 1,338 Sf
8199 Sevigny Dr, NORTH FORT MYERS
Bank Owned And Ready For A Quick Sale! Handyman Special Ready To Be Re-imagined Or Tear Down And Build Your Dream HomeView Listing
4 Bed • 2 Bath • 1,557 Sf
1128 Carolina Ave, CLEWISTON
Perfect For The First Time Home Buyer Or As A Great Investment Opportunity. This 4 Bedroom 2 Bath Home Features 1,557 Square Feet Of Living Area, C...View Listing
2 Bed • 2 Bath • 1,307 Sf
4732 Orange Grove Blvd, 2, NORTH FORT MYERS
Excellent Opportunity To Purchase This Spacious First Floor Condo Overlooking The Golf Course! Oversized Two Section Lanai Is Perfect For Relaxin...View Listing
3 Bed • 3 Bath • 1,371 Sf
5254 Cedarbend Dr, 4, FORT MYERS
This Is An Auction. Townhouse Built In 1984 And Offering 1371 Sq. Ft. Under Air. 3 Bedrooms, 2.5 Baths. 1st Floor Offers Living/dining Kitchen And ...View Listing
2 Bed • 2 Bath • 1,050 Sf
2842 Nancy Dr, LEHIGH ACRES
Bank Owned And Ready To Be Sold... 3 Bed 2 Bath In Great Condition, Its A Little Dollhouse. House Has Been Nicely Updated Thru Out. Nice Central Lo...View Listing
2 Bed • 2 Bath • 1,342 Sf
3504 Se 3rd Pl, CAPE CORAL
Ranch Style Home With Two Bedrooms And Two Full Baths. Popular Open Kitchen Design With Bar Seating. Sliding Glass Door Onto Covered Patio. Two Car...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.