Site owned and operated by Marlene Graham, Tropics Real Estate, 539 5th Avenue S. Naples, Florida 34102. (Paul Smith, Realtor, was primary writer for this article.) Contact Marlene@TropicsRealEstate.com or MarleneGraham@earthlink.net or 239-821-9046 if you are thinking about BUYING or RENTING anywhere in Naples, Marco Island, Bonita Springs, or Estero. The Marlene Graham Team can also find you agents for Fort Myers, Cape Coral, and anywhere in America! Also check out our main real estate websites for Naples Florida homes and condos and other real estate listings www.NaplesHomeFinders.com!
DONT MISS OUT ON BELOW MARKET PRICE PURCHASING!!! Very Few Left!!!!
For BUYERS, whether you're looking for a first or second home or condo in Naples or looking to invest in the growing Naples real estate market, foreclosures can be great deals because they can be bought at or below market value. Lenders want to get their money back quickly and they often reduce the asking price significantly.
There have been near 7,000 foreclosures sold within the last 3 years (Nov '09 - Nov '12) just here in the Naples Florida area. Check out what's available now below!!!
CLICK HERE - To view Naples Foreclosures under $200,000
CLICK HERE - To view Naples Foreclosures over $200,000
What is a foreclosure?
A foreclosure occurs when a homeowner becomes seriously behind on payments made toward their mortgage. A bank can use this process of "taking and selling" to retrieve payment of a debt secured by the mortagage. To briefly describe the process - lender sends notice of default to homeowner after several months of non-payment, homeowner must pay amount within 35 days, if not paid lender may file documents in court. If judgement is filed against homeowner, they have another 90 period "Right of Redemption" to pay late payments, interest, and court fees to retain home. If not satisfied estate will become absolute property of the lender. Becoming a REO (Real Estate owned by Lender).
TO LEARN MORE ABOUT REO FORECLOSURES IN THE NAPLES, MARCO ISLAND, AND BONITA SPRINGS AREAS. CONTACT -
TROPICS REAL ESTATE