The borrowing standards are restricted by the lenders due to increasing rate of bankruptcy, foreclosure or short sale. If you’re planning to apply for a mortgage loan, then you’re required to keep some of the qualification requirement in mind. You need to be cautious when you plan to [...]
Short Sales are not Guaranteed!
It's important to be aware that your lender has absolutely no obligation to agree to a short sale. Also, there are a handful of banks that will agree to a short sale if the homeowner is current however, most banks won't even consider it unless the [...]
What if my Lender won't agree to a short sale? | Video Transcript
Speaker: "This is John Conde with Orlando Realty Consultants... I'm 44 years old and I've never had a cavity, However, today we're here to talk about other alternatives to short sales."
Short Sale your home before defaulting on your mortgage...More and more we are starting to see a trend in the world of Orlando short sales and that is,... lenders are increasingly more willing to approve short sales before homeowners actually default on their mortgage and fall into a pre-foreclosure[...]
Ocwen outsourcing Orlando short sales- It used to be that the hardest bank to negotiate a short sale with was Bank of America... hands down. But ever since B of A has implemented the Equator system they are now one of my favorite lenders to work with. In the past year or so there's a new leader in [...]
Although Orlando real estate prices continue to steadily rise, strategic default is as popular as ever. As homeowners come to us to list their Orlando properties for sale, the majority of them are upside down on their mortgage. The big problem is that there are several lenders out there that won't [...]
I've been doing short sales in Orlando since 2005 and something happened last week that has never happened to me before. I've been working on this Orlando shorts sale listing for the past 3 months. After negotiating with the bank we got the payoff approved at $192,000.00 and the buyers were [...]
When a buyer puts in an offer on an Orlando short sale property, that person believes that they are getting a great deal. Many times this ends up being the case and after several months of waiting...the bank approves the offer but don't celebrate yet,... there are still a few things that can make [...]
The tentative economic conditions will continue to impact the real estate market in Florida and particularly in Orlando even in this year. Home prices are expected to rise again due to decreasing inventory facing it's lowest phase since February 2006. As per the market research, the 2013 [...]
Homeowner’s insurance is something we hope we’ll never have to make use of, but no one knows when disaster may strike. Buying a home in Orlando, or anywhere for that matter, is a major investment. So, it only makes sense to protect it and, if your home is mortgaged, your lender will require that[...]