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Foreclosures and Auctions

As you probably know, Southwest Florida has been the epicenter of the home foreclosure crisis in America. There are plenty of great homes to be purchased at deep discounts, below replacement value.

One opportunity is in buying a foreclosure or as called, REO, Real Estate Owned. These are homes that the bank has taken back because the homeowner couldn’t make the payments and it wasn’t “sold at the courthouse steps”, an auction that takes place daily at the county courthouse (sometimes done online as well).

The second option is buying at “the auction” or the “courthouse steps” as we referred to above. Here you can really get a great deal. It is, however, tricky business because you MUST know what you are buying. There’s a lot of research that goes into making sure you are getting a great deal and not setting yourself up to lose a lot of money.

In either case World Class Realty Partners is an expert in the local market. We can advise you about a purchase and represent you throughout the process, both in the purchase of an REO or an auctioned property. In addition we are aligned with the largest purchaser of court auctioned properties in SW Florida.

Reach out to us via the information requested below or call us directly and we will look forward to help you in any way we can. There’s no cost or obligation to answer your questions.

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