Bank Owned - Foreclosures In SWFL
Distressed home sales have been on a steady decline since hitting their peak seven years ago in January 2009 at the height of the housing crisis. CoreLogic's November 2015 Distressed Sales data reported that REO and short sales combined made up 12 percent of all residential sales for the month, a decline of 2 percentage points from the previous November. The distressed sales share for November 2015 was approximately one-third of its peak reached in January 2009, when REO properties and short sales made up almost one-third (32.4 percent) of all residential home sales.
Below you will find listings of foreclosed homes and condos which are for sale in Southwest Florida and list in our MLS systems. Click on any of the links.We currently have no bank owned homes on Bonita Beach, Barefoot Beach, Sanibel and Captiva. Some owners and builders at times restrict listings from being shown on brokers' websites, and allow them to be shown only in the MLS. We have access to all MLS listings, and if asked, will email you all bank owned listings.
Bank Owned Homes and Condominiums
If interested in any of these please contact me and I will create a CMA (Comparative Market Analysis) for you for just that property. Not all bank owned homes are priced below market value. Lenders would like to recover their losses and often list properties at market value or even above. Occasionally a bank owned home may be available to investors only after a time period has expired during which the buyer must be a first time home buyer and it must be his primary home. There may be more restrictions which you won't see in the reports.