Cape Coral Foreclosures
The downturn in the Southwest Florida real estate market has created a significant increase in the number of foreclosures in the area. Often referred to as bank owned, distressed or real estate owned (REO) properties, foreclosures can often be purchased at a significant discount over other listings. Buying a foreclosed home can be challenging for a number of reasons including delays by banks, damage from previous owner or tenant and problems like mold that emerge as a result of long-term vacancies.
Cape Coral has an extensive inventory of foreclosed properties available across a wide range of housing types and price ranges. Savvy buyers with realistic expectations can do real well targeting this type of property in Cape Coral. In our experience, Cape Coral foreclosed listings are closing at much higher rates than Cape Coral short sale listings. Foreclosed properties are owned by the bank and the previous owner is completely out of the picture, this is not the case with short sales.
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Our site includes foreclosed properties from: Bank of New York; US Bank; Detusche Bank; Wells Fargo; Countrywide; Aurora; Citibank; IndyMac; HSBC; La Salle; Chase; Fifth Third Bank; Washington Mutual; SunTrust; National City; GMAC; Wachovia; BOA; Taylor, Bean & Whitaker; JP Morgan Chase and others.
We are experiencing heavy traffic volumes on the Cape Coral foreclosures section of our site.....if you see a property that catches your eye, please contact us immediately as the best deals tend to attract offers very quickly.
Please enjoy our on-line overview of the the Cape Coral foreclosure listings. When you are ready to visit in person, inquir or call us at 239-464-9929.
Cape Coral foreclosures - updated daily
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The data relating to real estate for sale or rent on this website comes in part from the Broker Reciprocity Program (BR Program) of Multiple Listing Service of Greater Fort Myers and the Beach, Inc. Copyright 2010 MLS of Greater Fort Myers and the Beach, Inc. All rights reserved.
Listing information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.
Properties Last Updated: March 18th, 2010 at 7:09am