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
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|$500,000 - $600,000||$600,000 - $700,000||$700,000 - $800,000|
|$800,000 - $900,000||$900,000 - $1,000,000|
2 Bed • 2 Bath • 1,000 Sf
11720 Coconut Plantation, Week 49, Unit 5148l, BONITA SPRINGS
Week 49(1st Week Of December) In The Resort Timeshare Of Hyatt Coconut Plantation. This 2 Br / 2 Ba Unit Offers A Lock-off Scenario Where Owners C...View Listing
3 Bed • 2 Bath • 1,404 Sf
7570 Peyraud Dr, NORTH FORT MYERS
3 Bedroom, 2 Bath Manufactured Home In Suncoast Estates. Across From Community Clubhouse/pool/tennis Courts. Carport. Fenced Backyard. Master Suite...View Listing
2 Bed • 2 Bath • 1,534 Sf
758 Eagle Creek Dr G-303, NAPLES
Spacious 2 Bedroom, 2 Bath Condo In Eagle Creek Overlooking The Golf Course. Elevator Near The Unit. Close To Shopping, Beaches And Restaurants. Ea...View Listing
2 Bed • 2 Bath • 1,072 Sf
194 Joel Blvd, 8, LEHIGH ACRES
This End Unit Second Floor 2 Bedroom, 2 Bath Condo Is Calling You To Make It Home. Open Floor Plan Has Been Enhanced By Opening The Florida Room A...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
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 • 1,176 Sf
17325 Birchwood Ln, FORT MYERS
Great Opportunity For Some Sweat Equity. Awesome First Floor, Two Bedroom, Two Bath Plus Den Villa In The Well Kept Royal Woods Community. Has Two ...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.