Fort Myers Foreclosures

Foreclosure listings are a rapidly growing segment of the Fort Myers real estate market. Savvy buyers can often find under-priced homes by searching Fort Myers foreclosed properties. We display all the foreclosed listings in the Greater Fort Myers and the Beach MLS system and update them on a daily basis. Read more about Fort Myers foreclosures.

Fort Myers foreclosures - updated daily!

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More About Fort Myers foreclosures

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.

Foreclosed properties are also commonly referred to as bank owned property, distressed property or real estate owned (REO) property. We are realizing significantly higher closing success with foreclosed listings vs. short sale listings. Banks are not in the business of owning or managing property, and once they foreclose on a home they want to sell it as soon as possible. In a short sale scenario, the original owner is still party to a transaction.

We are experiencing heavy traffic volumes on the Fort Myers 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 Fort Myers foreclosure listings. When you are ready to visit in person, inquire.

Blog posts tagged foreclosures

Fort Myers Leading Nation in Foreclosure Discounts

Fort Myers heads the list of Top 20 Cities for Foreclosure Discounts, according to an analysis by RealtyTrac. While the housing market continues to recover into 2014, there are still good deals to be found on foreclosed homes with built-in equity in Fort Myers as well as many other parts of the U.S. Fort Myers had 203 foreclosure sales for the period June-November 2013. The average price of the home was $135,409, which was 65% less than the average assessed value of $254,526.

Fort Myers: Half-priced McMansions

Fort Myers was cited in a recent CNN/Money article as one of seven US markets with half-priced McMansions. The Fort Myers area was heavily impacted by the housing market downturn and it is not uncommon to find homes selling for half their peak bubble value.

Canadians Targeting Fort Myers Real Estate

The Montreal Gazette highlights the significant number of Canadians buying property right now in the State of Florida. In the 12-month period from mid-2010 to mid-2011, 10% of all homes sold in Florida were purchased by Canadians.

Fort Myers Real Estate Prices Going Up

UPI reports that seven of the top ten markets with real estate price increases this year are in Florida. Median prices in the Fort Myers market for August where up a whopping 33% over August 2010.

Foreign Investors Targeting Cape Coral Real Estate

Canadians, Granadians, Australians and Botswanians (maybe not but it rhymes!) and residents of the entire global community are targeting our very own Cape Coral as a place to invest in real estate. As covered by Wink News, Trulia recently reported that Cape Coral was the third most popular US city after Los Angles and New York for foreign investment. This is quite remarkable as Cape Coral and its 154,000 residents is dwarfed by New York and its population of around 8 million and LA with just under 4 million citizens.

Real Estate Investors Targeting Cape Coral

While no one is going to confuse the current market with the investor insanity of 2005 and 2006, there is a growing buzz of investor activity in the Fort Myers area market. Many of these investors are targeting distressed single-family homes that need some spiffing to be resold to a traditional buyers.

Fort Myers Real Estate Market Jumps Back Over Shark

The IV has been pulled and the hospital gown is gone as the Fort Myers real estate market passed a monumental recovery milestone last month. For the first time in over two years, more than half of our sales were conventional transactions rather than distressed short sales or foreclosures.

Data last updated: October 21st, 2014 at 10:58pm EDT and updating occurs daily

The data relating to real estate for sale on this website comes in part from the REALTOR® Association of Greater Fort Myers and the Beach, Inc.. 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.