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There's an amazing selection of Cape Coral foreclosed homes. These homes are now bank or corporate owned. The selection includes waterfront, gulf access, direct access, sailboat access as well as homes on dry lots. Many are newer homes.  Now is fantastic home or investment buying opportunity, but …..?

Foreclosed homes must be purchased "as is" from the lender or corporate financial institution. Don’t expect a foreclosed home to be in perfect condition. It is possible to inspect these homes before making an offer but often in Cape Coral’s fast moving foreclosure market, there is little time to do a proper professional inspection.

When home owners are faced with foreclosure they usually stop maintaining the home. In Cape Coral’s lovely tropical…

Attention Property Buyers … Cape Coral, Fort Myers, Lehigh Acres …. You Have Only 9 Months Left

This article appeared in today’s local newspaper please open

I wouldn’t call Cape Coral, Fort Myers, Lehigh Acres real estate market correction horrible. It was coming due. Cape Coral, Fort Myers, Lehigh Acres sharp price declines late 2007 were an opportunity. Now people can actually buy a home. Investors can buy and hold.

In Cape Coral, I just wrote a contract on a 4 bedroom, pool home, under $115,000. This sounds good to me. I have good Gulf Access listings under $320,000. Many wonderful properties are on the market at strong discounts.

My question is why more people aren’t buying. Are they waiting for prices to go up? Are they waiting for…

Lots of activity this past week on Cape Coral lots — buyers are now activly looking and making offers. So don’t miss out.

Are you thinking of investing in Cape Coral waterfront, here are the basics.

DirectAccess Lots: No bridges, this is also called sailboat access

No bridges or locks: this is also called sailboat access or direct access

Standard lot size (80 x 120)

Average canal width (80 - 120)

Your investment can also help pay for itself. Purchase an older home on direct access canal. Turn the property into a rental. Plan to do a “tear down” as the market comes back up. These tear downs are the older section of Cape Coral (SouthEast Cape Coral), where a mixture newly built upscale homes, older, small homes and procimity to bridges,…

Cape Coral, Lehigh Acres, Fort Myers Properties

Would you believe in our area of Cape Coral, Lehigh Acres, Fort Myers there are property owners collecting rent as they are foreclosing on the property.

The tenants have paid a security deposit, maybe a pet deposit and last months rent. The default landlord has pocketed these fees and the rent money.

When the lender takes the property back the tenant is simple evicted, no fees returned. I know the landlord has no right to this money or the rent if they are in deficiency.

This can’t be legal. I had a call yesterday from a person in this situation. She was told, by an attorney of course, that she could sue the default landlord. That’s a joke, right?

Can’t this tenant take the case to the…

Who is waiting to buy REO, bank owned, foreclosure properties in the Cape Coral Florida area?

Cape Coral Florida is an area of SW Florida famous for it's lovely community and gulf access canals. Cape Coral waterfront living at reduced prices is now possible.

Yes, check the Lee County court calendar; it's sometime 20 Lis Pendens per day. Will the lenders put the on the real estate market for next to nothing as the real estate investors are hoping?

Many banks are working with people to try to help them stay in their homes. As far as spec homes, it's another story.

If your a qualified buyer looking to buy a brand new home as a short sale, REO, bank owned, foreclosure home, call me 239 292 1358 or email me bklare@comcast.net

Cape Coral 1959: began by two land speculators who believed that the property's location on the Gulf Coast provided abundant sunshine and almost endless opportunities for waterfront living. The Rosen brothers purchased the property, platted the community and created more than 400 miles of canals. The brothers began a massive marketing campaign that resulted in the sale of nearly all of the 350,000 residential building sites, the majority to people who lived in other states.

Cape Coral 2004: The lies that came true. Massive migration to Cape Coral causes a lack of housing. Prices soar and home building begins to increase. In 2005 home building and land prices go crazy.

Cape Coral 2007: Due to overexpansion, over speculation and lack of real paying…