Cape Coral Bank Owned Foreclosures less than $100,000 listing price. These are commonly called Bank (REO's), Bank Real Estate Owned. The lenders will often restrict offers on these properties for the first 15 days of the listing to buyers who will move into the property as their primary residence. All other buyers are considered "investors" ie...2nd home buyers, vacation home, flippers and floppers. If the property is not under contract in that 15 day protection period, then the bank will consider offers from "investors". Proof of Funds needed for Cash purchases, and Pre-Qualification letter from a mortgage lender needed for a financed purchase, either must accompany the contract offer. On average, REO's sell at a 20 to 30% discount to the market. Contact the MeyerTeam  for your private showings of Bank Foreclosures.