Naples Foreclosures - Homes Condos Lots Real Estate and Bank Owned REO Foreclosure Sales in Naples Florida.

Naples Foreclosures - Homes Condos Lots Real Estate And Bank Owned Reo Foreclosure Sales In Naples Florida.

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Naples Homes in Foreclosure from Naples Florida

NAPLES FORECLOSURES

Naples Florida real estate has been know for its luxury properties and for good reason. However, Naples Foreclosures are on the rise in 2008 and 2009 due to the large number of investors and property owners that over extended themselves.

Many of you ask what the difference is between a short sale and a foreclosure. A Short sale is when the owner offers their home for sale, for say, $400,000.00 but owes $500,000.00. This means that they will sell is short or for less than they owe. However, 99% of the sellers do not have the money to make up the difference. The best way to purchase a short sale is only when it is a lender approved price or if it is a foreclosure and the bank has a asking price that is realistic.

Most REO’s (bank foreclosures) are SOLD AS IS. Therefore it is important to have a home inspection to determine if the need repairs are an additional cost that you want to pay. Foreclosures are normally contingent on an inspection which means you can back out of the deal if the repairs are more than you want to pay.

Please call our office as we are Naples Foreclosure experts and would like to assist you in getting a great deal.

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Price	Type	Beds / Baths	Footage

$8,480,000	Acreage	0/0
FORECLOSURE-BANK OWNED. Rare opportunity to own a 34 Acre parcel currently zoned for residential use located less than 5 miles to downtown Old Naples and area beaches. The Old Naples area offers 70% of beach access in Collier county. Property location is adjacent to the shops at Hammock Cove which is right on U.S. 41 and ... More .
$3,700,000	Single Family	6/7½	8355
Rapid response to all offers. Stunning 11,300 sq. ft. private estate located in the exclusive neighborhood of Isle Royale in Grey Oaks. Sprawling estate has 6 bedrooms and 7.5 baths, four car golf cart garage, private lake and golf course view. Soaring double salon with fireplace, grand staircase, floor to ceiling two sto ... More .
$2,900,000	Single Family	5/5½	5806
BANK OWNED - BANK WANTS OFFERS!!!! ... More .
$2,049,000	Single Family	4/4½	4630
Bank owned 4 bedroom plus den, 4 1/2 bath luxury estate home is in pristine condition and ready for a quick sale. Tropical lagoon pool with impressive rock waterfall and spa, grand master suite, gourmet kitchen, expansive lanai with outdoor kitchen. ... More .
$1,790,000	Single Family	4/4½	3673
This may be one of the most attractive single family homes in Pelican Bay with a 16 foot elevation overlooking the largest lake in the development. The house appears as though its new from both inside and out with all components being hurricane proof including in the last five years a new roof, garage doors, pool cage and mo ... More .
$1,224,500	Single Family	4/5½	4713
* IF WALLS COULD TALK! * This fantastic custom built home is truly majestic and speaks for itself! You will find a lovely paver drive up to your Mediterranean inspired estate home featuring a grand double door entry into your formal foyer with inlayed medallion, gorgeous view of the pool and lake beyond from the formal ... More .
$799,000	Commercial	0/0
Bank owned free standing office building/warehouse in Collier Park of Commerce. 3000 square feet of airconditioned office space with 10 foot height and 7,000 square feet of warehouse space with 17 foot height with two 14'x12' roll up doors and a truck well. Property has both front (main) and rear access. Bring offers!!! ... More .
$1,224,500	Single Family	4/5½	4713
* IF WALLS COULD TALK! * This fantastic custom built home is truly majestic and speaks for itself! You will find a lovely paver drive up to your Mediterranean inspired estate home featuring a grand double door entry into your formal foyer with inlayed medallion, gorgeous view of the pool and lake beyond from the formal ... More .
$875,000	Commercial Lot	0/0
Bank owned, As-Is vacant 2.08 gross acre site with 1.32 acre net usable corner outparcel. The property is located 5 miles east of Collier Blvd. on the SE corner of Golden Gate Boulevard and Wilson Boulevard just across the street from the Collier County Commission newly-approved 41 acre grocery anchored 'Estates Shopping Ce ... More .
$810,000	Condo	3/3½	3398
This is very rare to find a Terrace level unit in the Dunes and at such a great price per sq foot. Private patio with spa, and close access to the resort pool area. 3 huge bedrooms with 3.5 baths with a aboundance of tile and marble. The kitchen is designed for the gormet chef with all top end appliances and grante coun ... More .

It is extremely important to have a professional real estate company assist you with the purchasing process on a Naples home or condo foreclosure.

IMPORTANT TERMS TO KNOW

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.

Request Forms Lee Collier Realty Group Inc. featuring The Real Estate Library Toll Free 888-999-3208 13891 Jetport Loop Fort Myers, Florida 33913 Voice: 239-992-7737
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