Foreclosures

Foreclosures in Naples Florida

Naples Florida Foreclsoures

What Are Foreclosures ?

Foreclosures are bank owned properties also referred to as REOs; meaning real estate owned.  Banks are not traditionally in the business of owning properties for long durations.  It is their goal to sell the properties they have acquired by foreclosure.  Foreclosures are usually priced competitively because the bank wants to move the property to a new owner and stop it’s ownership costs such as taxes, home owner fees, upkeep, etc.

Foreclosure Process

Banks usually respond to offers within a couple days.  Foreclosures are not the same thing as ‘short sales’ which take longer to get responses to offers.  Don’t discount short sales though – more about short sales.

Sometimes a bank prices their property so well that multiple offers are received within a short time.  In that case, the bank can look at the offers and accept one.  Sometimes the bank will choose to give everyone a second chance to submit their ‘best and final’ offer.  Often they may advertise a deadline for offers.  Don’t assume you can make a ‘low ball’ offer and steal one of these bank owned homes.  Many times in multiple offer situations the final offer accepted is higher than the listed price in the Naples MLS.

Some people may be interested in purchasing a house or condo foreclosure but may not be comfortable with this type of transaction.  Our agents are proficient in foreclosure transactions and will make the purchase of your Naples home or property an easy and smooth purchase.

Foreclosure Listings

Take advantage of the times and find your next home or condo in Naples Florida by using our advanced search engines which pull data from our Naples MLS system.  We have provided links for some of the  possible searches so that you can understand the possibilities.  Also, keep in mind that you can modify any of the searches quite easily.

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Search the Naples MLS for foreclosures by category

Naples Houses *   Naples Condos *   Naples Lots/Land *   Naples Multifamily Residential

Bonita Springs Homes *    Bonita Springs Lots/Land *     Bonita Springs Multifamily

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Our Featured Foreclosure Waterfront Property For Sale

 

 

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