Fort Myers Real Estate
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Fort Myers Foreclosures
If you are looking for great values in Fort Myers Real Estate then consider Fort Myers Florida foreclosures which are located in Lee County. Due to a number of factors like speculators there are a large number of banks owned homes and condos in REO.
This is a great time to purchase homes or condos at extremely low prices. In some cases Ft Myers Foreclosures are 50% lower than when they were originally purchased.
It is important to understand the Foreclosure process and the terms involved in the transaction.
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.
It is important to have professional Realtors like us to assist you in all the steps necessary to purchase a Ft Myers Foreclosure.
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Sale Price |
| Beds/Baths/Half-Baths | (201128251) |
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$1,450,000.00 |
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| 6+ Acres of land and 28,000+SF building under construction, Zoned General Commercial, located at the corner of Six Mile Cypress... more |
| Type: | Sq. Foot or Acres: 28695 | Year Built: 2011 |
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Sale Price |
| Beds/Baths/Half-Baths | (201135498) |
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$1,060,000.00 |
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| The subject property is a multi-tenant industrial retail showroom/ warehouse building, built in 2005, that is 84% occupied. The building contains 18,171 +/- SF and is situated on approximately 1 a... more |
| Type: Commercial Only | Sq. Foot or Acres: 0 | Year Built: 2004 |
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Sale Price |
| Beds/Baths/Half-Baths | (201123436) |
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$875,000.00 |
3/3/1 |
| FORECLOSURE..PRICED TO SELL..THE PARAMOUNT! Private elevator opens to foyer w/Custom Medallion Flooring. Grand Salon on 8th floor, boasts Westerly Views of the Marina & River for Gorgeous Tropical Sun... more |
| Type: Condo High Rise | Sq. Foot or Acres: 3340 | Year Built: 2006 |
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Sale Price |
(201131055) |
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$828,510.00 |
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| 3+ Acres of Commercial Land Zoned General Commercial, located at the corner of Six Mile Cypress *** May also be sold with adjoining 3+ acres w/28,000+SF building under construction for $1,450,000)... more |
| Type: Commercial Lot | Sq. Foot or Acres: 138085 | Year Built: |
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Sale Price |
| Beds/Baths/Half-Baths | (201137572) |
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$529,900.00 |
4/3/0 |
| A must see lake and golf course view with spectacular sunsets! This stunning 4Bed/3Bath home features spacious family room with built-in entertainment center, large open kitchen with granite counterto... more |
| Type: Single Family | Sq. Foot or Acres: 3039 | Year Built: 2002 |
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Sale Price |
| Beds/Baths/Half-Baths | (201142108) |
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$520,000.00 |
4/3/2 |
| Custom Built at its best ! You may have found a winner in the well maintained Rutenberg home in the gated community of Verandah. This home has 3682 square feet of living area, including 4 bedrooms, 3 ... more |
| Type: Single Family | Sq. Foot or Acres: 3838 | Year Built: 2006 |
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Sale Price |
(201202956) |
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$495,000.00 |
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| Industrial site consisting of appx. 3.81 Acres directly off of I-75, Exit 139, Lucket Rd. across from Billy Creek Commerce Center and next door to the former Walsh Freighliner Truck Repair & Service a... more |
| Type: Commercial Lot | Sq. Foot or Acres: 165964 | Year Built: |
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Sale Price |
| Beds/Baths/Half-Baths | (201202412) |
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$479,000.00 |
3/3/0 |
| This is a fantastic direct access home. The home is in move in condition. From the foyer you will be greeted by a great room featuring hardwood flooring, crown moulding, triple sliders to the pool are... more |
| Type: Single Family | Sq. Foot or Acres: 2396 | Year Built: 1977 |
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The data relating to real estate for sale on this Website come in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc., Marco Island M.L.S., Florida Gulf Coast M.L.S. Properties listed with brokerage firms other than Lee Collier Realty are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the listing brokers. The properties displayed many not be all the properties available through the BR Program.
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The listings on this page represent REO or Bank owned fort myers foreclosures and are not short sales.
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