Posted by Mark Washburn on Wednesday, April 13, 2011 at 7:02:14 AM By Mark Washburn / April 13, 2011 Comment
Over the past few years, Cape Coral has been one of the areas in the nation with high rates of foreclosures. This foreclosure phenomena can be attributed to significant speculative investing during the real estate boom years. Investors with no intention of living in their home built in Cape Coral with hopes of flipping for a quick profit. This quick flip strategy worked handsomely for investors in the early days of the boom, but ultimately proved to be a house of cards when the market turned. Much of the Cape Coral foreclosure inventory consists of single-family homes which are located on quarter-acre lots throughout the community. These single-family homes, most of which are not in gated communities with high HOA fees, are attractive to both second homeowners as well as investors looking for an ROI positive asset. To assist in your search for a great deal on a Cape Coral foreclosure, here is a free resource to view Cape Coral foreclosure listings. Only active available property is displayed and our database is updated on a daily basis.
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