Orlando homeowners are in a panic to sell their homes before the end of the year when the Mortgage Tax Debt Relief Act of 2007 is set to expire.
There’s a chance that the Act could be extended but, if Congress fails to extend the Mortgage Forgiveness Debt Relief Act of 2007 before the end of the [...]
Getting your credit score back on track after your short sale is complete
The local economy is recovering "slowly but surely", the housing market is getting stronger and the term "Orlando short sale" has become a household name. Delinquent homeowners generally elect to pursue a short sale as[...]
Savvy Orlando real estate investors are beating first time home buyers to the punch
1st time home buyers looking for their " dream home" are no competition for the seasoned Orlando real estate investor. People looking for their 1st house to move into with their families are finding [...]
Summer's gone and Orlando Real estate takes a drop
Prices of Orlando real estate dropped slightly last month for the first in a year. Don't panic Orlando homeowners, this happens every year at this time. The reason for the drop is mostly due to the ending of peak of the [...]
Fannie Mae is taking the Lead on making short sales move even faster for Orlando homeowners
It's amazing to see how far certain lenders have come in the way of helping homeowners to get their Orlando short salesapproved. In the not so distant past, some of the major lenders were hell[...]
Loan modifications have helped thousands of Orlando homeowners to keep their homes.
However, you must be aware of the fine print and know exactly what it will mean to you. Sometimes the terms of a loan modification are often worse than the original mortgage. The best loan [...]
What will happen to Orlando short sales if the Mortgage debt relief Act of 2007 is not extended?
Short sales have been very popular since the market crashed in 2007, mainly because sellers have the benefit of not being taxed for the deficiency between the mortgage amount and [...]
The Clock is running Out on Orlando Short Sales
By now almost everyone is familiar with the term “Orlando Short Sale” that owns real estate in Orlando. In a nutshell… It’s when the bank agrees to take a substantial discount on what is owed on a delinquent mortgage. Our [...]
A deed in lieu/ foreclosure with a smile
By now just about everyone living in Orlando has heard of terms such as "short sale" , "deed in lieu", loan modification, etc. It's important to know exactly what the difference is between these terms are and what the implications are. For [...]
Financial Hardship is not the only reason why Orlando homeowners are not paying their mortgage
Strategic Default is when a homeowner decides to stop paying their mortgage, not necessarily because they can’t afford it, but because it’s a bad investment not worth paying into [...]