One of the areas leading the nation in the increase in foreclosure filings is Cape Coral and the surrounding area. 1-in-2,200 homes are under a foreclosure filing, eerily mimicking the situation that triggered the 2008 housing market crash. But is there a reason for the number of Cape Coral homes in the battle of the bank and what can people looking to sell their house hope to achieve in a “Buyer’s Market”. Karen Borrelli, President of the Royal Palm Coast Realtor Association, sat with us to “pump the breaks” on any concerns in the SWFL housing market.
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