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

$2,594,999	Single Family	4/4½	7420
BANK OWNED ¿VILLA SEDO¿ A MAGNIFICENT ESTATE HOME ON 1.20 ACRES WITH GOLF/LAKE VIEWS. UPGRADED LIKE NO OTHER ESTATE IN Q.W. CUSTOM BUILT BY MCGARVEY HOME. NEARLY 7500 S.F 4/5 BED 8/9 CAR GARAGE. TROPICAL LANDSCAPING WITH KOI PONDS, EXTENSIVE USE OF MARBLE, GRANITES, HARDWOODS, STONE WORK LIKE NO OTHER. ONE OF A KIND ESTATE ... More .
$1,250,000	Single Family	4/4½	5000
Pelican Marsh Community, Ivy Pointe. Custom built home in private gated community. Fantastic opportunity to move up. Set along the championship golf course with magnificent views this custom home provides the space for entertaining. Very private zero edge pool with waterfall spa. The patio seems endless with open and covered ... More .
$1,180,000	Single Family	4/4½	3944
Beautiful Rutenberg home in the Classics Golf Course in Lely. Spacious with 4 bedrooms plus large office/den, open living areas, kitchen with granite counter tops, marble floors, high ceilings, sliding doors to pool deck, outdoor kitchen, heated pool & spa. Formal dining, living room and family room, butler's kitchen, firepl ... More .
$879,900	Single Family	3/3
... More .
$799,000	Single Family	4/3½	4104
BANK OWNED. Lavishly upgraded model home on 2.52 acres - never lived in. 4 beds + den, 3.5 baths, pool & spa home built by Gulfstream Homes - green building standards used. Exceptional furnishings & accessories included. Faux painted & furnished by interior designer. Fernandina II floor plan. Surround sound throughout. ... More .
$704,800	Single Family	4/3½	3064
BANK OWNED... BEING SOLD AS IS WITH RIGHT TO INSPECT. ALL OFFERS MUST BE SUBMITTED WITH PRE QUALIFICATION LETTER FROM BANK OF AMERICA IF FINANCING OR PROOF OF FUNDS IF CASH DEAL. PLEASE SUBMIT ENTIRE OFFER PACKET AT END OF MLS LISTING WITH ALL OFFERS. Home features a split floorplan with lots of space and top of the line ap ... More .
$692,000	Single Family	4/4½	4482
WOW GREAT family home in PINE RIDGE ESTATES! 1.25 ACRES! Open and bright floor plan with lots of room for entertaining! Private tennis court. Beautiful pool and spa with two story screened enclosure and a HUGE Tiki Hut. Kitchen has granite countertops and custom cabinets, lots of work space! Features a brick FIREPLACE in ... More .
$692,000	Single Family	4/4½	4482
WOW GREAT family home in PINE RIDGE ESTATES! 1.25 ACRES! Open and bright floor plan with lots of room for entertaining! Private tennis court. Beautiful pool and spa with two story screened enclosure and a HUGE Tiki Hut. Kitchen has granite countertops and custom cabinets, lots of work space! Features a brick FIREPLACE in t ... More .
$625,000	Single Family	4/2	2031
Beautiful gulf access home with large dock and lift! Quick access to Naples Bay and no bridges to Gulf! Tranquil heated pool with paver deck! Truly a must see! Offered as-is. ... More .
$615,000	Single Family	3/3
... 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.

Request Forms Lee Collier Realty Group Inc. featuring The Real Estate Library Toll Free 888-999-3208 13891 Jetport Loop Fort Myers, Florida 33913 Voice: 239-992-7737
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