Cape Coral Florida Real Estate

The rich are investors and wise.

Money is made by those that have it and use it wisely.

Not all have enough cash, but they buy realizing the dept service is an important factor and worth the chance of investing at the right time.

When is the right time?
Today!

If you have seen my forecast on my web site, Why Buy Florida now?, you know I am right.

How can a beginner start?

Buy now in Cape Coral, Fort Myers, Fort Myers beach and Naples Florida.

The market has bottomed out. See the light! It is time to buy now.

Investors are buying see Monthly solds

Why not you?

I am a buyers agent waiting for you to contact me to find these great deals through foreclosures, distressed sellers or even short sales.

Contact Joseph Beauvais Owner/agent Sunny Spot Realty inc.

Call Today! 239-770-0686 or go to my web site, http://www.sunnyspotrealty.net/

Email; mailto:http://www.sunnyspotrealty.net/?subject=Buying%20in%20Florida

Nationwide, some 233,001 homes received at least one notice from lenders last month related to overdue payments, compared with 148,425 a year earlier, according to Irvine, Calif.-based RealtyTrac Inc. Nearly half of the total involved first-time default notices.

The worsening situation came despite ongoing efforts by lenders to help borrowers manage their payments by modifying loan terms, working out long-term repayment plans and other actions

"You have more people going into default and a higher percentage of the properties going back to the banks," said Rick Sharga, RealtyTrac's vice president of marketing.

The U.S. foreclosure rate last month was one filing for every 534 homes.

The Cape Coral-Fort Myers area in Florida posted the highest foreclosure rate of any metro area in the nation, with one of every 86 homes in some stage of foreclosure, said RealtyTrac Inc.

Stockton, Calif., was ranked second, with one of every 97 homes involved in a foreclosure filing, while the Riverside-San Bernardino metro area in Southern California had the third-highest foreclosure rate with filings for one of every 101 properties.

January's tally represented an 8 percent hike from December.

RealtyTrac follows default notices, auction sale notices and bank repossessions. Lenders typically consider borrowers delinquent after they fall three months behind on mortgage payments.

Attempts to help struggling home owners have fallen short.

"The loan workout modification programs aren't having a significant material effect on keeping properties from going back to the banks," Sharga said.

One dramatic trend last month was a 90 percent spike in the number of properties that were repossessed by banks, compared to January 2007.

"It suggests that there's little or no equity in a lot of these homes, because they're not even being sold to investors at auctions, and it suggests a continuing weakness in a lot of markets in terms of real estate sales," Sharga said.

Falling home values and tighter lending standards have extended the housing slump, making it tougher for homeowners unable sell their homes or refinance when they face mortgage payments they can't afford.

A wave of adjustable rate mortgage resets expected in May and June threatens to push many other homeowners into default.

During the past year, 30 states saw an increase in the number of homes that had received at least one filing.

Nevada led the nation, with 6,087 properties receiving at least one filing, up 95 percent from a year earlier but down 45 percent from December, the firm said.

That translates to a rate of about one foreclosure for every 167 households.

Rounding out the top 10 states with the highest foreclosure rates were California, Florida, Arizona, Colorado, Massachusetts, Georgia, Connecticut, Ohio and Michigan.

California had 57,158 properties reporting at least one filing, the most of any state. The total increased 120 percent from a year ago and 7 percent from December.

Florida had 30,178 homes on the foreclosure track, up about 158 percent from a year earlier and down 3 percent versus December

Home Sales are booming in Lee county including,

Naples, Cape Coral,Fort Myers,Fort,Myers Beach and Bonita Springs

If you have buyers in your data base, let them know that the time is right.

• The market has bottomed out and
• Sales have zoomed at a fantastic rate. See Monthly sales 889 sales this past month alone.
• Prices are still low and
• Interest rates are at a very low rate.
• The Foreign Exchange rates will never get much better.
• Investors are savvy buyers and are buying in droves now.

Why?

Our prices plummeted below the country average. It is time to rebound.

Many salt water homes are at a historical low. They cannot develop salt water sites any longer.

Buy now while you can.

You are welcom to visit my web site Google ranked #3 http://www.sunnyspotrealty.net/Home