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Very Nice, Newer Cape Coral Pre-Foreclosure Home

Built in 2005, this beautiful and spacious home is located in one of the fastest growing zip codes in Florida!  Situated in a popular and well maintained Northeast Neighborhood, this 3/2 split bedroom home with a den/office and 2-car garage is close to shopping, theaters, schools, etc. A Wonderful opportunity to grab your slice of paradise at an affordable price!!!

2107 NE 25th Street, Cape Coral, Florida, 33909

• The reserve price for this property is set at the mortgage amount.  However, this home is in pre-foreclosure and the lender is willing to accept a lower amount, called a bank short sale.

• What is a short sale?  A short sale occurs when a home owner is in pre-foreclosure and the mortgage amount is higher than the market value.  With a short sale, a bank is willing to take a settlement and will often forgive the homeowner’s debt.  By avoiding an actual foreclosure and taking a lower settlement, the lender can save thousands of dollars in litigation costs, holding costs, work hours, and more.

• The highest bid for this auction will be presented to the bank and the contract will be subject to third party lender approval.

• Short sales can be a great opportunity to buy below market and appraised value.

• Please bid only if you intend on buying this property.  Be aware that the short sale approval process can take up to three months to complete.  Again, contract will be contigent on the owner’s lender approving the short sale.  All information is deemed to be reliable but not guaranteed.  Please perform your own due diligence before buying any property.