While Marco Island has not had the high foreclosure rate that most of Florida has endured in recent years, we've certainly had our share. Satisfaction among buyers of these homes runs the gamut from ecstatic to heartbroken. There have been some great deals and a few nightmares, too.
Buying a Naples or Marco Island foreclosure is not for everyone. Most of us are not experienced in evaluating the structural integrity and systems of well-maintained homes not to mention those of a neglected or damaged property. The remedies and repairs necessary to foreclosures are almost always more complicated and more expensive then they appear to be.
If your foreclosure purchase doesn't work-out, there's no one to call. The risk is all yours as the buyer of
