Foreclosures in Gateway, Fort Myers

By September 20, 2010 Market Report No Comments


Foreclosures in Gateway, Fort Myers

The Foreclosures in Gateway, Fort Myers are slowing down but for the patient they are still out there.  There is a general slowing down of foreclosures which for all but the active hunter is a really good thing.  The flooding of the market with foreclosed homes has been a nightmare for homeowners and for real estate in general.  As always there have been the people who take advantage of such an opportunity and they have provided the fuel for what we will loosely call a recovery. 

We are now seeing a much slower introduction of foreclosures to the market.  There is little proof of a reason but the predominant theory is that banks are getting more aggressive with keeping homes from going in to foreclosure to begin with.  Take a look to see if there are any foreclosures in Gateway, Fort Myers currently.  Insiders say that there is no single answer for the slow-down but rather there are many reasons.  Banks have had time to shore up their reserves and do not have emergency liquidity issues to deal with.  In addition they have found out how costly mass foreclosures can be and are doing what they can to find alternatives.

The result is that home shoppers have fewer bargain properties to choose from and there is more competition to deal with.  Buyers are finding that since there are fewer bargains there is more pressure for the ones that come to market.  On top of that banks are getting more organized and demanding when it comes to submitting offers.  They have addendums that are very restrictive and credit verification processes designed to steer buyers to them.  What was once a straight forward road to a bargain is now a road full of pot holes.  It must be carefully and expertly navigated in order to come out a winner.  Click on this lind to see if there are any foreclosures in Gateway, Fort Myers.  We at the Dohack Group are able at any time to forward to you the most up-to-date list and steer you to the best deals available on foreclosures in Gateway, Fort Myers.

Information Provided by:

Brad Dohack
The Dohack Group of Absync Realty
p: 239-963-4811
f: 866-742-2132

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Licensed REALTOR® with Absync Realty

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