Naples Foreclosures - Homes Condos Lots Real Estate and Bank Owned REO Foreclosure Sales in Naples Florida.

Naples Foreclosures - Homes Condos Lots Real Estate And Bank Owned Reo Foreclosure Sales In Naples Florida.

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Naples Homes in Foreclosure from Naples Florida

NAPLES FORECLOSURES

Naples Florida real estate has been know for its luxury properties and for good reason. However, Naples Foreclosures are on the rise in 2008 and 2009 due to the large number of investors and property owners that over extended themselves.

Many of you ask what the difference is between a short sale and a foreclosure. A Short sale is when the owner offers their home for sale, for say, $400,000.00 but owes $500,000.00. This means that they will sell is short or for less than they owe. However, 99% of the sellers do not have the money to make up the difference. The best way to purchase a short sale is only when it is a lender approved price or if it is a foreclosure and the bank has a asking price that is realistic.

Most REO’s (bank foreclosures) are SOLD AS IS. Therefore it is important to have a home inspection to determine if the need repairs are an additional cost that you want to pay. Foreclosures are normally contingent on an inspection which means you can back out of the deal if the repairs are more than you want to pay.

Please call our office as we are Naples Foreclosure experts and would like to assist you in getting a great deal.

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Price	Type	Beds / Baths	Footage

$915,000	Single Family	4/4½	4300
THIS IS A BANK OWNED PROPERTY. PRICE SET AT $915,000. A ONE OF A KIND NAPLES CLASSIC PLANTATION, 4 BR, 4.5 BA, 4300 SQ FT OF LIVING AREA HOME WITH A 4 CAR GARAGE. LIST OF UPGRADES AVAILABLE. THIS HOME HAS BEEN THOUGHTFULLY PLANNED TO THE LAST DETAIL. PRIVATE GOLF COURSE VIEW. TWO INTERIOR FIREPLACES. UNIQUE DESIGN WITH MANY ... More .
$740,000	Single Family	3/3	2568
Beautiful 3 bedroom 3 bathroom Bank Owned home in Old Naples area, near 5th. ave, close to Gulf beaches and Naples Airport. This home offers vaulted ceilings,laminated flooring,granite top in the kitchen, maples cabinets.The Master bath offer jacuzzi tub and a large shower.Plantation shutters throughout the home and much mor ... More .
$499,000	Triplex	2/1	4053
Bank Owned Tri-plex in Naples Park, about 1/2 mile to Wiggins Pass. Property includes 1 2-story attached single family home with 4 bedrooms 2.5 bathrooms and 1 car attached garage. Duplex includes 2 bedrooms 1 bathroom with two car carport and extra storage room. ... More .
$329,900	Single Family	3/2	2794
! ! ! BEAUTIFUL HOME IN SATURNIA LAKES ! ! ! Bank owned property in sunny NAPLES Florida... This 3 bedroom, 2 bath, 2 car garage home is conveniently located in NORTH NAPLES in a very friendly neighborhood. Close to major shopping malls, restaurants, and grocery stores. Much to offer including separate garden tub and show ... More .
$292,900	Single Family	5/3	1800
This great house in located on a corner lot with 1,800 sq ft of living area. Featuring solid surface counter tops in the kitchen and both bathrooms, terrazzo flooring throughout, screened lanai, two driveways for extra parking and plenty of room for the whole family. Call today to schedule a personal showing! ... More .
$259,900	Residential Lot	0/0
BANK OWNED 1.05 Acre lot right on Golden Gate Pkwy. RARE FIND... Being sold together as a 3 lot site. Possible commercial zoning in the future. 371 ft on road footage on Golden Gate Pkwy. We are also selling the lot directly behind this porperty on 5051 27th PL SW (MLS #209038888). Being sold AS-IS, WHERE-IS. Please see conf ... More .
$240,000	Single Family	3/2	2254
... More .
$235,000	Townhouse	2/2	2050
Pristine Condition and Views foreclosure! 2/2 plus den, plus huge bonus room. Expansive, peaceful LAKE and GOLF Course Views! Spacious open floorplan, light and bright, split bedrms., plant shelves, high ceilings, oversz. tile, corian counters....great floorplan as you overlook golf course and lake from the privacy of your 2 ... More .
$229,900	Condo	2/2	1670
... More .
$229,900	Single Family	3/2	1788
! ! ! BEAUTIFUL HOME IN PRESTEGIOUS NAPLES ! ! ! Bank owned property in sunny NAPLES Florida... This 3 bedroom, 2 bath, 2 car garage home is conveniently located in Naples Park in a very friendly neighborhood. Close to major shopping malls, restaurants, schools, minutes from the beach and grocery stores. Much to offer incl ... More .

It is extremely important to have a professional real estate company assist you with the purchasing process on a Naples home or condo foreclosure.

IMPORTANT TERMS TO KNOW

PRE-FORECLOSURE (NOD -LIS) - This process is where the lender has filed foreclosure proceedings against the property. This is where you can buy from the owner/borrower and they are sometimes listed as a Short Sale. (A short sale is when the owner sells for less than the mortgage and makes up the difference) Most owners in this situation list their property and hope to get lucky and find a buyer but do not have the money to make up the difference of what they owe or the amount short of the mortgage. However, you must still have the lenders approval and it is difficult at best to make this happen in a timely manner. Not recommend

AUCTION (NTS - NFS) - If the property goes to auction then many times is done on the court yard steps. Buyers are often times required to pay cash and do not have a lot of time to research the title and conditions of the property. However purchasing Auction property can have financial benefits and you do not have to deal with the owner like in a Pre-Foreclosure.

BANK OWNED (REO) - This happens when the bank takes ownership from the borrower/owner by written agreement and puts a value on the property then offers it for sale. This is where you can pick up Great Values as in the current market Banks are overloaded with properties.

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