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||Over $1,000,000|
2 Bed • 1 Bath • 924 Sf
742 Marsh Ave, FORT MYERS
This Is An Auction. Investment Opportunity Available This 2 Bedroom 1 Bath Home Will Need Extensive Repairs And Rehab. Convenient To All The Nearb...View Listing
2 Bed • 2 Bath • 924 Sf
194 Joel Blvd 6, LEHIGH ACRES
2 Bedrooms 2 Baths Unit At Pinehurst Condominium. Best Of All This Adorable Condo Is In A Marvelous, Well-maintained 55+ Community Which Boasts A L...View Listing
1 Bed • 1 Bath • 512 Sf
8162 Country Rd, 201, FORT MYERS
Come See This Centrally Located 1 Bed With 1 Bath Condo Today. This Condo Is On The 2nd Floor And Is An End Unit With Tile Flooring Throughout. Clo...View Listing
2 Bed • 2 Bath • 801 Sf
4790 S Cleveland Ave, 1607, FORT MYERS
Very Attractive 2nd Floor Unit With A Beautiful View Of The Pool , 2nd Floor Means Nobody Lives Above You . Community Is Gated , New Carpeting In L...View Listing
3 Bed • 2 Bath • 1,411 Sf
400 Oregon Rd W, LEHIGH ACRES
Great Investment Opportunity. This Home Sits On A Double Corner Lot On The Corners Of Oregon W And Lois, Just Off Of Leeland Heights. This Proper...View Listing
2 Bed • 1 Bath • 1,284 Sf
204 E Jersey Rd, LEHIGH ACRES
Come See This Great 3 Bedroom, 2 Bath Home Centrally Located In Lehigh Acres. Offering A Welcoming Floor Plan This Home Is Sure To Not Disappoint. ...View Listing
2 Bed • 2 Bath • 735 Sf
First Floor End Unit, Tiled Floors Throughout, 2 Bedroom 2 Bathroom Unit. Stay As Active As You Would Like With The Amenities Within The Community....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.