Category: News and Information

Alternatives To Foreclosure Exposed!

Posted on by Jenny Zamora

Foreclosure can be a devastating situation for homeowners as well as the surrounding neighborhood. Despite an improving economy in the Orlando, Florida area, it is important that distressed homeowners are fully aware of all the alternatives to foreclosure that are available to them. As a certified distressed property expert [CDPE], I try to ensure that homeowners in foreclosure have the latest most up-to-date information available so that they can make the most informed decision possible based on their situation.


Although lenders have the ability to start foreclosure proceedings after one payment is missed they will usually allow a homeowner to miss up to three mortgage payments before officially starting the foreclosure process. A short sale can substantially minimize the damage to someone’s future loan eligibility, credit rating, security clearance, and even employment with some companies.

It’s important to know that a foreclosure can stay on someone’s record for up to seven long years. Now more than ever, distressed homeowners should take every precaution available to them to try and protect their credit.

A short sale is the most popular way to avoid foreclosure and save your credit. However, there are several other alternatives available to homeowners wanting to keep their houses.

1- Deed in lieu- Basically a voluntary foreclosure where the homeowner signs the property over to the lender instead of going through the foreclosure process. However, you should be aware that a “deed in lieu” will still show up as a foreclosure on your credit report.

2- Loan modification- This is when a lender adjusts the terms of a loan making it more affordable to the homeowner so that they can remain in their home. Loan modifications can be tricky and many times even though the payment is reduced, the principal remains the same or even more. The best loan modification scenario is when the lender reduces both the principal amount of the loan as well as the interest.

3- Bankruptcy- Usually, a chapter 13 bankruptcy is the best way to save your house from foreclosure. It allows the homeowner to make up missed mortgage payments through a repayment plan and get back on track. A chapter 7 bankruptcy, while providing some temporary relief from foreclosure, usually won’t prevent the foreclosure of a home. The bad news is that having a bankruptcy on your record is just as bad as having a foreclosure.

Consult with a Certified Distressed Property Expert

A realtor with a CDPE designation has the knowledge and the tools to efficiently and ethically pursue alternatives to foreclosure, especially short sales. In addition to specialized training in dealing with distressed properties, CDPE agents are connected to an entire network of other professionals in this niche which allows them to remain up-to-date on the complex and ever-changing Orlando real estate market.

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Big Improvements to Orlando Realty Consultants’ Website

Posted on by Jenny Zamora

Mobile devices are changing the way people do business today and this is especially true for Orlando Realty consumers. Analytical research clearly shows that the majority of online home searches are now done from smartphones and tablets instead of home computers and laptops.

http://OrlandoRealtyConsultants.com, our company’s main website has recently been upgraded with a responsive theme and highly advanced IDX home search technology in order to enhance the performance and new capabilities of the site.

These exciting new changes have also greatly increased the speed and functionality of the site for all mobile devices like smartphones and tablets. Now, it’s just as easy to navigate the site from mobile devices as it is from traditional laptops and desktop computers.

Now, more than ever people are using smartphones and tablets instead of their home computers for their real estate needs, and these improvements are dedicated to them. We live our lives on the move these days and mobile devices are the future. It’s our job to keep up with the changing times.

The new site is equipped with the latest state-of-the-art IDX search software allowing users to search Florida homes for sale on the MLS just like a pro from the comfort of their own home. Our goal as Orlando realtors is to provide our clients with a pleasurable user experience from any device.

The new website even offers users an option to sign up for new home listing alerts as well as current market condition reports. These days it’s extremely important that real estate agents are familiar with the latest technology related to the real estate business. Orlando real estate agents have to be tech-savvy or their clients will suffer for it.

Our team of high-energy real estate professionals prides themselves on providing professional real estate services with a personal touch. This is why we provide them with the most advanced and up-to-date real estate tools available today.

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6 Questions To Ask Your Orlando Realtor

Posted on by Jenny Zamora

If you’re thinking of buying or selling a home in Orlando, you probably have a ton of questions about the Orlando real estate market and how much your house will sell for. In addition to these questions, there are other questions you should be asking an Orlando realtor before you commit to working with them. 

1- Are you a realtor or just a real estate agent?

It’s important to know that a “REALTOR” is more than just a licensed real estate agent. A realtor belongs to an organization known as the National Association of Realtors [NAR]. Realtors operate under a code of ethics that exceeds what might be demanded of other real estate professionals. You should also ask your realtor about any other industry certifications they may have.

2- How much commission do you charge?

Realtors have the power to negotiate their commission. Find out how much they usually charge and ask if they will be willing to give you a better rate than usual. Although some realtors are given strict guidelines by the brokers that they work for, it never hurts to ask.

3- What makes you different than other realtors?

This question will really put the realtor on the spot and provide you with the opportunity to see how they react to it.  You’ll also see what kind of personality they have and if it meshes well with yours. Remember, this is someone that you’ll be dealing with on an everyday basis so it’s important that you feel comfortable with them.

4- How will you market my house?

Unfortunately, some realtors rely solely on the Multiple Listing Service [MLS] to sell their homes. But the truth is that there are several other things that a realtor can do to get a house sold quickly for top dollar. You want to hire a realtor that uses every tool in their toolbox like social media, videos, direct mail, blogging, etc. The more exposure your property gets, the better your chances will be of getting it sold for the highest amount possible. 

5- Do your listings typically sell for the asking price?

Ask your realtor to show you some of their more recent home sales. Then compare what the original listing price was to the sold price. This is a good indicator of how good the realtor is at pricing homes correctly from the start.

It’s the agent’s job to help you to come up with the listing price. Therefore if the home was priced correctly, there should be no reason why it wouldn’t sell for the asking price or at least very close to it.

6- What’s the best way to reach you?

Let your realtor know that you will be in contact with them often and that you expect them to be easily accessible to you. Find out the most convenient way to keep in touch for both of you is by email or text and make sure that they understand that you would like to be updated on what’s going on with your property regularly.

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Why Hire A Top Realtor? VIDEO

Posted on by Jenny Zamora

Why Hire A Top Realtor 407-902-7750

If you are looking to sell your home you don’t want just any Orlando realtor, you need the best realtor, one who is an expert in the area you’re looking to buy in with proven results.

Having the right real estate agent representing you can help you sell your home quickly and for the best price. Buying or selling a home will be one of the most important decisions of your life so make sure you hire an agent that understands exactly what you expect from them.

Orlando real estate agents are not all the same and only the top few percent of Orlando realtors do the most transactions. By choosing a top realtor, you’re giving yourself the best chance at achieving your real estate goals. Even if you find yourself facing foreclosure, a top real estate agent will be able to get your home sold by completing a short sale or loan modification.

On the other hand, choosing the wrong agent will cost you time and even worse money.  Get connected with the top realtors in Orlando today!

Call us at 407-902-7750 or visit https://orlandorealtyconsultants.com/

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Orlando Realtor – Seller Series part 6

Posted on by Jenny Zamora

I hope you’ve enjoyed reading our 6 part seller series thus far. This final edition of the series goes over what to do when the time finally comes to move out.
Moving is just as exciting as it is stressful. Your Orlando Realtor should be able to ease the stress by providing you with some insight on how to make the move go smoothly and stress-free as possible. Here are some tips that will help you get ready for moving day.

You can choose to do the work yourself by renting a moving truck and enlisting the help of friends and family, or you can hire a professional moving company to do all the heavy lifting for you. Ask your real estate agent to provide you with a list of their preferred vendors.

Whether you decide to hire a moving company or not, you should be ready with all the necessary materials for packing. Things you will need include boxes, tape, and lots of packing material for breakable items.


Don’t wait until moving day to start packing boxes! Everything that goes in boxes, should already be in boxes on moving day. This is also a great time to get rid of unwanted items that you can sell, donate or throw away.

Mark each box with a permanent marker so you know exactly what’s inside when you get to your new home. It’s a good idea to write “fragile” on boxes containing breakables, especially if you’re using a moving company. Whether you hire a moving company or not, make sure that you’re there to supervise the move because no one will care about your stuff more than you do.



If you decide on moving yourself, you’ll have to rent a truck. Don’t pick the first company you find. You should shop around to compare which company has the best rates. Sometimes you can get better rates during the week as opposed to the weekends.

Another alternative to using a moving truck is a portable storage unit. Once you’ve packed all your belongings inside of it, the company will move the unit to your new home.


 

 

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