Naples Foreclosures 
Information on searching the area for foreclosures
There are currently 5 blog entries related to this category.
Types of Foreclosures
Monday, December 19th, 2011 at 1:33pm. 475 Views, 1 Comments.
Exploring Three Common Types of Foreclosures: VA, FHA, REO
When it comes to purchasing a foreclosure, many people are surprised to find that there are actually several different types of foreclosures that can be explored. Depending upon the type of foreclosure you are pursuing, the requirements and procedures can be quite different. Whether you're searching Denver CO luxury condos or a new home in Naples, here is a look at three of the most common forms of foreclosures most buyers will encounter.
VA Foreclosures
A VA foreclosure is a foreclosure that takes place on a home that was purchased with the help of a VA, or military, loan. Anyone interested in purchasing a VA foreclosure will first need to search for a home on the homesales.gov…
The Balancing Act Between a House and a Home
Sunday, November 20th, 2011 at 2:28pm. 215 Views, 0 Comments.
Real estate practitioners are taught from the beginning to strike the word ‘house’ from their vocabulary and instead always use the word ‘home’. Why? Because there is a huge difference between the two. Though the terms are often thought of as one and the same, they are similar to the words ‘listen’ and ‘hear’. Two totally different things, right? A house is a shelter, four walls and a roof. Even though you may live there, sleep there, eat there, etc. there is not an emotional component.
A home is a place where memories are made. A home feels safe and secure. As you can see, the primary difference between the two is the emotional component. It has nothing to do with cost, finish, or furnishings. When buying a home, finding ‘the one’ triggers an…
Naples Foreclosure Statistics
Thursday, February 24th, 2011 at 5:21pm. 737 Views, 1 Comments.
January 2011 Foreclosure Stats for Naples, Florida
How did Naples fare when compared to the US, Miami and Tampa?
We've all accepted that foreclosures are going to riddle the housing market for the near future, but how are things looking thus far in 2011? And specifically, how do Naples, FL foreclosure filing trends compare with national foreclosure statistics and two other major market players: Miami and Tampa?
Let's talk a bit about the makeup of the Naples housing market. Its housing market (and its economy for that matter) is moved primarily by second home buyers. These days, second homebuyers looking for foreclosed homes in upscale areas are acting quickly- and they should. Foreclosure inventory in these upscale neighborhoods is rather limited.…
How many foreclosures in Naples?
Thursday, February 3rd, 2011 at 4:06pm. 374 Views, 0 Comments.
I am often asked how many Naples foreclosures there are currently for sale. To answer this correctly it is best to back up and verify everyone is referring to the same thing.
The properties listed on this site and other are not actually 'foreclosures'. They are REOs, real estate owned properties. The simplest terminology is that they are corporate owned or bank owned properties. These institutions are awarded ownership through a foreclosure. The owners are typically the last lender and certainly do not wish to own these properties. They acquire them through non-payment of mortgage.
There are currently about total properties for sale in Naples. The number of REOs in the Naples MLS is close to 400. This number has fluctuated dramatically. A few years…Naples Foreclosures in 2010
Friday, December 31st, 2010 at 4:44pm. 319 Views, 0 Comments.
Surprisingly, the number of Naples foreclosures that sold in 2010 was LESS than in 2009.
2010 Closed REOs - 1798
2009 Closed REOs - 1930
This is surprising because the total number of Naples real estate transactions is up for the fourth year in a row. This is great news if you already own real estate in Naples. It is clear that there is not an endless supply of new foreclosures coming on the market. As the new REOs get absorbed, the value of Naples homes and Naples condos will likely start to increase.
The biggest question is why were there less foreclosures sold in 2010 versus 2009? I think you can argue three different points.
Freeze on New Foreclosures - Some banks had a moratorium on initiating new foreclosures. There was some bad press…