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

KNOW FORECLOSURE TERMS

The 2008 and 2009 Southwest Florida foreclosures will rise due to the number of properties currently in Pre-foreclosure. Beware of Short Sales that are not bank approved.

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 recommended

AUCTION (NTS - NFS) - If the property goes to auction then many times it is done on the courtyard 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.

Call us today and let us assist you in purchasing a Foreclosure in Southwest Florida.

Price

Type

Beds / Baths

Footage

$3,700,000

Single Family

6/7½

8355

Rapid response to all offers. Stunning 11,300 sq. ft. private estate located in the exclusive neighborhood of Isle Royale in Grey Oaks. Sprawling estate has 6 bedrooms and 7.5 baths, four car golf cart garage, private lake and golf course view. Soaring double salon with fireplace, grand staircase, floor to ceiling two sto ... More .

$2,900,000

0/0

2352

Excellent property on Fort Myers Beach. ... More .

$2,400,000

Commercial

0/0

38505

38,505 sf building with flex space available as small as 903sf and as large as 3,696sf. ... More .

$2,400,000

Single Family

5/5½

5806

Corporate owned! Fantastic opportunity to own one of the nicest homes on Marcello Way, overlooking the golf course.Beautiful living spaces for grand entertaining. A tremendous screened lanaii area, fabulous custom pool with waterfalls, and a gorgeous outdoor kitchen and bar area....Move right in to this custom masterpiece... ... More .

$2,200,000

Land Acreage

0/0

FORECLOSURE- OWNER FINANCING WITH EASY TERMS AVAILABLE. This property was a mining operation that was not finished. This can be used as a mining operation or a lakefront subdivision. There is deeded drainage to Gator slough ... More .