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|
2 Bed • 1 Bath • 664 Sf
2262 Jeffcott St, FORT MYERS
This Is A Great Home Perfect For A Growing Family Or An Investor Looking To Find A Great Investment. The Huge Backyard Has Plenty Of Room For A Poo...View Listing
2 Bed • 2 Bath • 1,120 Sf
2203 Orchid Rd, LEHIGH ACRES
Two Bedroom Two Bathroom Condominium In Camille Gardens, A 55 And Over Community With Rental Restrictions For The First Year Of Ownership. This Is...View Listing
2 Bed • 1 Bath • 696 Sf • 1 Acres
1205 Wagner Ave, LEHIGH ACRES
This Two Bedroom, One Bath Home Is Situated On A Half-acre Home-site In Lehigh Acres, Fl And Has Just Under 700 Living Sq. Feet. This Home Does Nee...View Listing
3 Bed • 2 Bath • 1,560 Sf
1041 Jerdik Dr, MOORE HAVEN
Great 3 Bedroom 2 Bath Mobile Home Located In The Heart Of Lakeport Fl. Situated On A Nice .25 Acre Lot In A Quite Neighborhood With Easy Access T...View Listing
2 Bed • 2 Bath • 812 Sf
1201 Barrett Rd, 1208, NORTH FORT MYERS
Beautiful Gated Condo In Central North Fort Myers Location. This Gated Community Is Well Maintained With Lush Landscaping, Heated Pool And Bbq Area...View Listing
1 Bed • 1 Bath • 851 Sf
12622 Kenwood Ln, A, FORT MYERS
Come See This First Floor Condo Today. Condo Has 1 Bed And 1 Bath With 851 Sqft Of Living Area. Large Community Pool And Clubhouse. Close Proximity...View Listing
3 Bed • 2 Bath • 2,250 Sf • 1 Acres
8457 Mcdaniel Dr, NORTH FORT MYERS
Handyman Special 4br/2ba Mobile Home Situated On A Large Wooded And Private Lot Located In Suncoast Estates. This Spacious Fixer Upper Features A L...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.