Fiddler's Creek Foreclosures
and Short Sales in Naples, Florida
If you're looking for a bargain, check out the foreclosures in Fiddler's Creek. The original developer was just reaching his stride when the real estate crash occurred in 2005. Overnight, it seemed, banks stopped lending. Not only did they stop lending to builders but new home buyers as well. The instantaneous effect was similar to turning a faucet off. Suddenly nothing. Real estate values across the county were impacted. In places like Florida, were home values seemed to double in the last year or two, values were cut in half or even to a third of what the were.
The result of the crash was foreclosures and lots of them. While the Marco Island and Naples areas had lower foreclosure rates than most of Florida, we had our share. Fiddler's Creek was not immune.
A lot has changed in the last few years. While prices are still relatively low and bargains abound, the foreclosures are all but gone. In fact, I think we've reached the foreclosure rate baseline. While the selection of bank-owned property has certainly dried-up in the last couple of years, there will always be one or two special deals out there.
Don't forget the short sales. Because so many mortgages were written at inflated values in 2005 and 2006, a stream of short sales still find their way to market every year. The banks would rather negotiate a short sale than foreclose so there is an opportunity for buyers to benefit from the distressed sale.
The Ultra Team are foreclosure and short sale experts and can help ensure you have a successful transaction.
Foreclosures and Short Sales in Fiddler's Creek
Data last updated: August 6th, 2020 at 2:34pm EDT and updating occurs daily
The data relating to real estate for sale on this Website come in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than Keller Williams Realty Marco are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program.