SW Florida Real Estate Search

Distressed Properties

Foreclosures in SW Florida

A foreclosure means a seller has stopped paying the mortgage payments to the lender, and the lender has taken possession of the mortgaged property (known as bank-owned property or REO) and is selling it in an attempt to recover some of what had been owed. A foreclosed property is owned by the bank. The original seller is no longer part of the transaction. Click below to see a list of current foreclosures in SW Florida including short sales in Naples, short sales in Bonita Springs, short sales in Estero, short sales in Cape Coral, short sales in Fort Myers and short sales in Marco Island. 

Click here to see current list of SW Florida Foreclosures

 

Short Sales in SW Florida

A short sale means a seller's lender is accepting a discounted payoff to release an existing mortgage. The seller wants to sell his property, but he owes more to the lender than he is likely to get from a sale. The seller lists the home for sale, solicits offers, and then presents the offer to the lender hoping the lender will accept it and release the seller from his mortgage for an amount lower than owed. Unlike a foreclosure, a seller is part of a short sale transaction. Just because a property is listed with short sale terms does not mean the lender will accept the offer, even if the seller accepts it. Click below to see a list of current short sales in SW Florida including short sales in Naples, short sales in Bonita Springs, short sales in Estero, short sales in Cape Coral, short sales in Fort Myers and short sales in Marco Island. 

Click here to see current list of SW Florida Short Sales

 

If you have questions on the foreclosure or short sale process, or wish to purchase a distressed property, feel free to contact me at 239-315-2505.