Cape Coral Real Estate : Foreclosures in Lee County

Cape Coral Real Estate brokerage, Florida Future Realty, Inc., brings the best real estate services to those looking to buy or sell real estate in SW Florida.

Foreclosures in Lee County

Update: Considering a short sale?

Well it appears they are still on the rise here in Lee County.  Yes folks, we have many foreclosures here in Lee County.

Am I surprised by this? NO.

A recent article in the news-press.com sites 1,232 foreclosures filed in August of 2007. In July there were only 1,045.

Building permits are also way down. Only 63 permits for single family homes were issued in August of 2007. This is the lowest number since November of 1981! Wow!

So is the sky falling? NO.

The market is readjusting. First time homebuyers can now buy NICE houses in Lee County in the low 100's or condos under $100k! Retirees can afford their dream home - even with taxes & insurance! Investors can CASH FLOW now on some of these properties!

Do we think this trend will continue? YES.

Why? Because there are still many homeowners borrowing money from other places, living off of credit cards, etc to make their mortgage payments. Many investors have been doing the same hoping they could sell in a year or two. Now, as they see the market continue to decline & more foreclosures popping up as they run out of available funds to hold the investment mean they will be losing their houses too.

Do you want to learn more about buying homes in pre-foreclosure or foreclosure status in Lee County? We can help. We have many short sales / pre foreclosures for sale ourselves & we have access to the entire MLS to bring you every potential deal that is available!

Just stop by our website for more information & to sign up for our free updates!

www.The-Extreme-Team.com

Oh & if you are curious to read the entire article, stop by www.News-Press.com & click on 'real estate'.

 

Yours in Success,

www.The-Extreme-Team.com

of Sellstate Achievers Realty Network, Inc.

888-764-6665 ext 189

 

 

Yours in Success,


Susan Milner

Florida Future Realty, Inc

Search Cape Coral real estate

http://www.YouTube.com/FloridaFuture

(239) 542-8521

Susan@SusanMilner.com

 

We also handle Cape Coral Short Sales......

 

copyright 2008-2012 Susan Milner of Florida Future Realty Inc

10 comments • Cape Coral Real Estate Broker | Susan Milner | FloridaFutureAgents.com • September 07 2007 08:35AM

Comments

Hi Susan, just wanted to stop in to say hello.
Posted by Chris Elizabeth Griffith ~ Bonita Springs Fl Real Estate (Downing-Frye Realty, Bonita Springs, FL) over 4 years ago

Susan~

Thanks for the great article. Keep it up!

Cristy

Posted by Cristy Smith (mmm) over 4 years ago

Thanks Chris, what no opinion or comment about this HOT topic in Lee County? :)

Cristy, thanks!

Posted by Cape Coral Real Estate Broker | Susan Milner | FloridaFutureAgents.com (Florida Future Realty, Inc.) over 4 years ago
Susan, I think I'm weary from the whole subject.  Geeze I wish I drank.  LOL
Posted by Chris Elizabeth Griffith ~ Bonita Springs Fl Real Estate (Downing-Frye Realty, Bonita Springs, FL) over 4 years ago
Welcome to the Foreclosure world - Miami is top 10 in the nation.....OUCH!!!  It's more important than ever for buyers to be very aware of what they are getting into and not fall in the trap.
Posted by Rick & Ines - Miami Beach Real Estate (Majestic Properties) over 4 years ago

I think we will start seing the top of the trend soon, Pres. Bush rolled out the foreclosure bailout loan from FHA, its Owner Occ. based, will not help here

 

I am having short sales called off becuse REITS are buying the Paclages of defaults for a discount, if big money is bottom feeding then why arn't we? When the prices come low enough for positive leverage, pre-pare for the frenzy

Posted by Jeffrey Tumbarello (South West Florida Real Estate Investment Association) over 4 years ago
Hi Susan, yep, seems like people keep overextending themselves. they ask me, are you the deal killer Mr. Appraiser.    uhhh, i dunno, maybe, is this your ATM?.. now will you be paying cash or bank check!  (i'm kidding ;)
Posted by Nick M -Realtor®-Appraiser in West Palm- South Florida Real Estate Appraiser (Certified Residential Appraiser- West Palm Beach Real Estate) over 4 years ago
Our market will continue to trend in this format.  This is also a great time for investors to enter the market.  I have noticed several foreclosed propertys previously listed for sale with brokers owned by banks are going on the auction blocks and the lenders are cutting their losses...  If you have any question as to how many bank owned properties are in your community go to your property appraiser website and just place the name of your favorite nationwide lender and you'll be amazed by the results.
Posted by Cape Coral Real Estate Scott Slocum & Associates 239-340-1384 (Florida Future Realty Inc.) over 4 years ago
great outlook - someday the market will quit adjusting
Posted by Thesa Chambers, Principal Broker Licensed in Oregon, with (Prudential NW Properties Sunriver) over 4 years ago

Learn more about the Short Sale process from an agent who has experience in short sales.

Posted by Cape Coral Real Estate Broker | Susan Milner | FloridaFutureAgents.com (Florida Future Realty, Inc.) over 3 years ago

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