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Foreclosure in Fort Myers Beach : Real Estate Advice

  • All116
  • Local Info7
  • Home Buying32
  • Home Selling2
  • Market Conditions6

Activity 6
Tue Aug 26, 2014
Terry McCarley answered:
Hi Jeff,

As others have mentioned foreclosures have dropped here significantly but opportunities do still arise.

If you would like to access our multiple listing service where you can see ALL listings regardless of what office or agent listed the property visit - you can change your search criteria as often as you like and you can also see pending listings as well as recently sold properties. ... more
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Thu Apr 24, 2014
Jim Barbour answered:
The number of foreclosed properties on Fort Myers Beach and throughout Southwest Florida has dropped significantly in the past couple of years. As a Realtor who has assisted dozens of buyers in acquiring foreclosed homes and condos, I tell my customers today to look at all properties that are on the market. With the reduction in distressed properties, it is not unusual today to find a competitively priced condo that is a better value than a foreclosure if it existed in the same building. To put it another way, foreclosures always grab buyers attention, but may not be the best buy on the market. Feel free to email me at I would be glad to provide you with both foreclosure opportunities as well as non-distressed condos for sale on Fort Myers Beach. ... more
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Wed Apr 16, 2014
Jim Barbour answered:
I would be glad to assist you with research about this property.
I list and sell condos and homes on Fort Myers Beach.
Give me a call at 239-273-3833 or email me at: and we can discuss this property in more detail. ... more
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Thu Apr 29, 2010
Linda S. Cefalu answered:
U R Home Realty,

I am confused. You stated the seller sold through short sale and foreclosure records state paid/settled. I am assuming that the seller received foreclosure notice, but managed to sell through short sale before they were foreclosed upon. Then that would mean they are recovering from a short sale, not a foreclosure in which case most of the previous answers are correct as is my information................short sale is far less devastating to your credit than a foreclosure.

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Wed Jan 20, 2010
Neil Blair-Bennett answered:
Marie, I don't know if you got your question answered but if not, see if this helps. The answer to this question is that in the foreclosure process, the final step is the courthouse auction. This is a sale that is held by the clerk of the courts and is open to the public at 11 am Monday-Friday. The properties going to auction can be found at At the beginning of these proceedings, a person representing the foreclosing bank will present the case number and the minimum bid that the bank will accept for the property. This can range from pennies on the dollar to over the asking price of the final judgement. The bank will enter the first bid of $100. It is then up to the bidders present at the auction to decide if they want to meet that minimum bid. If no one chooses to bid, then the property reverts to bank owned and the sale is recorded at $100. This is a very competitive way of acquiring properties, but there are some real possibilities of great deals if you are well prepared. Many hours of research goes in to this process, including physical inspections, title searches, and mortgage information. ... more
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