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Foreclosure Properties !!

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get details of affordable Caribbean Properties

A huge real estate price correction of 80-90% has occurred in South West Florida. Homes that were originally being sold for $300,000 are now on the foreclosure market for just $65,000 to $100,000. This means they are available at just 20% of their original value as the region reaches the bottom of the housing market.

The homes are located just 10 minutes from the centre of Fort Myers, less than 15 minutes from the beautiful islands of Sanibel and Captiva and less than 15 minutes from South West Florida International Airport and from the lovely Fort Myers Beach.

International buyers can take this investment opportunity to own property in Florida for investment, rental income, residence or as a holiday/vacation home. There is a surplus of renters looking for quality homes in this area, which has the highest rate of foreclosures in the US.

Banks are keen to start shoring up their reserves again and have screened families ready to re-purchase the properties from buyers or to rent them from their new owners. The banks will benefit from assisting buyers with finding a low risk purchaser or renter for the investor as it will remove some risk for the investor. This means that in effect, the investor will be acting as a bank for purchasers.

Bargain Property

$ $ $ Help Others and Help Yourself Make Money $ $ $  

Many families have become displaced as a result of the economic climate and are keen to get back onto the property ladder but the banks are not in a position to assist them as they are trying to liquidate their assets. These displaced families now have a bad credit rating due to the foreclosure and would not qualify for traditional financing. The investor would step in and take the place of the bank, but the bank does all the hard work of finding low risk buyers.

These properties will be sold on a first come first serve basis. There is a team of experts waiting to assist to make the process more transparent and smoother than you might be able to achieve by yourself. A buyer is guaranteed. Only quality properties are made available, approximately only 10% reach the selection criteria with all properties from 2003 or newer.



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Bargain Property

Example Foreclosure Properties

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get details of affordable Caribbean Properties

Following are two simplified examples of properties and what you can expect in terms of financial results from these investments.

Multi Family home with a value of $325,000 selling for just $90,000
Foreclosure Properties
This house, built in 2006, has two sides to it, a side for each family. Each side has 1 bedroom, 1 bathroom, a den, a garage and 1150sq feet of living area. It is predicted that $10,000 will be the refurbishment cost for both sides of the house.
 
Example Purchase Price-------------------$90,000
Estimated Price Discount----------------$235,000
Example Est. Refurbishment Costs------$10,000
Total Out-of-Pocket Expense------------$100,000
Estimated Gross Rental Income----------$16,800
Property Management. Fee (10%)---------$1,680
Estimated Taxes & Insurance---------------$2,500
Estimated Net Rental Income--------------$12,620

 

Bargain Property

Single Family Home with a value of $290,000 is being sold for just $65,000

 Foreclosure PropertiesThe home, built in 2007, has 3 bedrooms, 2 bathrooms, a garage and approximately 1478sq ft of living space. Estimated refurbishment costs are $6,000.

 

Detached (Single family home) properties at $71,000

Example Purchase Price--------------------$ 65,000
Estimated Price Discount-----------------$ 230,000
Example Est. Refurbishment Costs--------$ 6,000
Total Out-of-Pocket Expense--------------$ 71,000
Estimated Gross Rental Income------------$ 9,600
Property Management. Fee (10%)-----------$ 960
Estimated Taxes & Insurance---------------$ 1,500
Estimated Net Rental Income---------------$ 7,140


Examples are based on a number of assumptions and are not guaranteed, but generate from factual data. Profits and / or expenses will be higher or lower depending on daily market conditions. All expense estimates will be provided to client prior to investing. Data presented is not intended to guarantee any results. See below for another example of expected returns.


 For further information on these foreclosure properties  Click Here to Contact Us
Bargain Property

How does this offer work?

The banks have reclaimed and taken possession of many properties due to “foreclosure” or non payment of mortgage payments. Over 2.5 million homes have been repossessed, with another 4.5 million facing this possibility. The banks are selling the homes at a price to just recoup what they had invested in terms of the mortgage lent. The people who have been 'foreclosed' now have a bad credit rating and would find it hard to acquire traditional financing.

The purchaser (buyer 1) of one of these investment properties would buy the property and then offer financing to a buyer (buyer 2) who has already been screened by the bank. Then buyer 1 signs a land contract with buyer 2 for monthly payments and then a 'balloon' payment after 10 years, which will force the buyer to prepare and plan to refinance after 10 years. The banks are currently not in a position to help these families get back on the property ladder and away from renting properties with no return on their rental payments.

Buyer 1 cannot lose as they will get to keep the property if payments default, otherwise they will have an income either from rental or from mortgage payments. They will also help families get back onto their feet and have somewhere to buy or to rent. A supply of buyers/ renters is guaranteed.

The process is as follows:

  1. a professional home inspection is performed, including plumbing, electricity and structure. The price of the home includes the refurbishment costs.

  2. Buyer No 2 views the home and decides to buy so completes a land contract and pays $1500 deposit

  3. Buyer No 1 executes three agreements, a purchase contract, mortgage management and the land contract. He then wires the full purchase price.

  4. When the sale completes, both buyer 1 and buyer 2 complete immediately

  5. buyer no 1 then collect mortgage payments from buyer 2.


If you would like to make a good return on your investment as a monthly income and then again after 10 years with the 'balloon' payment, this is a great opportunity. At the same time as making money for yourself, a family will be given the opportunity of getting back onto the property ladder.

 For further information on these foreclosure properties  Click Here to Contact Us

Bargain Property

Bargain Property

For further information on these foreclosure properties  Click Here to Contact Us

Bargain Property
Bargain Property

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Bargain Property

Last Updated On 26 Jun 2017