Tag: foreclosure assistance

Orlando Real Estate Agents are on the Move to in order to improve their earnings.

Publicado el por Jenny Zamora

 Finding the best brokerage to work for proves challenging for Orlando Realtors

 

Top Orlando agents are always looking to maximize their earnings and sometimes this can mean switching to a another brokerage for a higher percentage split or a more desirable area. I went through the same thing myself when I first started my career as an Orlando realtor in 2004, working for several different brokerages until ultimately becoming abroker myself and starting my own company.

Orlando Real estate is an industry where it is common to see agents moving from brokerage to brokerage until they find the perfect situation for them to settle into, [which sometimes is never].  Most new Realtors en Orlando will usually stick with a brokerage for a while to see where it goes and if they’re not happy for whatever reason, it usually doesn’t take long for them to find another broker to hang their license with. Sometimes this will continue on for several years with some agents.
Just about every agente inmobiliario en Orlando will agree that the market has left its darkest days behind. So they want to be in the best position to enjoy the climb back up.  I can’t say that I blame them.
I believe that will we continue to see more and more agent movement as the Orlando real estate market works to fully turn the corner on the housing collapse of 2007.

Top Brokers seeking out top agents

Top Orlando Brokerages are always on the lookout for their area’s top agents so that they also can increase their earnings and make better commissions. The best realtors will always end up at a top brokerage sooner or later because they are mutually beneficial to each other which is why they are constantly seeking each other out.

Here at Orlando Realty Consultants we are no different. It has taken us several years to assemble the team of Orlando Real Estate experts that make us who we are today and we are always looking for Top Orlando agents to join forces with.

 

 

Jenny Zamora, Lic RE Broker

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A typical work day for an Orlando Short Sale Specialist

Publicado el por Jenny Zamora

It’s all in a day’s work for an Orlando Short Sale Realtor

Being a successful Orlando short sale realtor involves many things. For one thing, working with a short sale listing is a lot more work than a traditional listing. Listing the property is just the tip of the ice burg. There’s a mountain of paperwork involved that needs to be updated every 30 days, so I guess the correct term would be “mountains” of paperwork because short sales can take several months to complete and sometimes even up to a year, depending on the lender.

Daily checklist for a Top Orlando Short Sale Agent

1- Check emails- These days most realtors and most negotiators prefer to communicate by email and when you are handling upwards of 100 short sale files, this means hundreds of emails to read. [Daily] 2- Follow up with the short sale lenders over the phone- This is a very tedious task and can take several hours of your day, but it is a necessary evil when it comes to processing short sales. It’s not uncommon to spend up to 45 minutes on one file just trying to get the right person on the other end of the phone to see how the file is moving along. 3- Check on approaching foreclosure sale dates with the Orange County Courthouse- It’s always good to ask the short sale rep about pending auction dates. However, a lot of times there is a communication breakdown between the lenders, lawyers and the courthouse and unfortunately, that’s just the way it is. This is why at Orlando Realty Consultants we have someone that is in charge of calling the Orange and Osceola county court houses and finding out what the latest information is on each and every case. Many times we inform the lenders of an approaching sale date before they even know about it. 4- Creating accurate CMA’s- With the ever changing Orlando Real Estate market, it’s extremely important to make sure that the properties are priced correctly in order to ensure success with a short sale. Pricing the property too high or too low will only drag things out and can sometimes push the bank to just flat out refuse entertaining a short sale. 5- Scheduling the BPO’s- The BPO [Brokers Price Opinion] is a very important part of the short sale process. The BPO is almost always performed by a local realtor. Whatever the BPO comes in at is the point of negotiation between us and the lender. 6- Negotiating with HOA dues and other 2nd lien holders– It used to be easy to get an Home Owners Association to accept a massive discount on what’s owed on a client’s delinquent dues. Not any more! HOA’s are now notorious for being difficult to negotiate with. We’ve had countless cases where closings have been delayed because of waiting on the HOA’s to send us a simple payoff letter, Even for a full payoff. 7- Coordinating Closings- Having a great title company helps a lot. However there are still many things that fall on the short sale realtor such as scheduling inspections and making sure that everything runs smoothly with all parties involved on both the buyer’s and seller’s side. 8- Update our Short Sale Clients- To us, this is one of the most important things on the to do list. Here at Orlando Realty Consultants, we understand that our short sale clients are going through a tremendous amount of financial and emotional stress because of their situation. This is why we keep our clients informed about everything every step of the way. The more you know about something then the less you will fear it or stress out about it, that’s just human nature. Our clients depend on us to help them through one of the most important processes of their lives and this is something that we take very serious. Well, there you have it folks, a peak into the day of an Orlando Short Sale Expert.   If you need help with an Orlando Short Sale or just some free advice from an Orlando Real Estate Expert, contact us, we’re here to help. Jenny Zamora, Lic RE Broker
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Expertos Certificados en Propiedades en Dificultades en Orlando

Publicado el por Jenny Zamora

¿Qué es un Experto Certificado en Propiedades en Dificultades Financieras (CDPE)?

It means that an Un Realtor en Orlando con la certificación CDPE (Certified Distressed Property Expert) es un profesional de bienes raíces que ha recibido capacitación especializada para comprender los desafíos financieros e inmobiliarios que enfrentan los propietarios en el mercado actual.

Este profesional debe conocer las diferentes alternativas disponibles para ayudar a los propietarios a evitar un foreclosure y ofrecer posibles soluciones, especialmente mediante un short sale, cuando atraviesan dificultades económicas. Orlando homeowners make the mistake of trying to do things on their own when they’ve fallen into foreclosure. This is always a bad idea because when someone is in financial distress, they’re just not thinking clearly, especially with the emotional burden of potentially losing their Orlando home to foreclosure.

En muchas ocasiones, los propietarios de viviendas en Orlando cometen el error de intentar resolver por su cuenta una situación de foreclosure. Enfrentar problemas financieros y la posibilidad de perder una vivienda puede generar mucho estrés, preocupación y decisiones difíciles. Por eso, hablar con un Realtor certificado como CDPE, también conocido como un experto en short sales en Orlando, puede ser un paso importante para conocer las opciones disponibles. Consultar con un Realtor en Orlando generalmente no tiene costo para el propietario. Antes de contratar cualquier servicio, es importante comprender si existen cargos y cuáles son sus condiciones. Un profesional con certificación CDPE puede contar con los conocimientos y herramientas necesarios para orientar a los propietarios sobre posibles soluciones, incluyendo un short sale o una modificación del préstamo hipotecario (loan modification), según sus circunstancias particulares.

Are you considering an ¿Estás considerando un short sale en Orlando?

Si estás buscando un experto en short sales en Orlando, considera trabajar con un agente que tenga la certificación CDPE y experiencia comprobada manejando este tipo de transacciones. Un profesional capacitado debe comprender las dificultades que enfrentan los propietarios y estar preparado para orientarlos durante el proceso de negociación con el prestamista. Cuando tu vivienda y tu estabilidad financiera están en juego, necesitas un agente comprometido, informado y dispuesto a defender tus intereses.

No se trata solamente de tener la certificación CDPE...

Aunque la certificación CDPE es importante, también debes considerar la experiencia real del Realtor y su historial de resultados en transacciones de short sale en Orlando. Antes de seleccionar un agente, puedes hacerle algunas preguntas importantes: CDPE También puedes buscar en Google términos como "short sales en Orlando" o "expertos en short sales en Orlando" para encontrar profesionales especializados y comparar su experiencia, reputación y servicios. Lo ideal es trabajar con un agente que sea persistente, proactivo y que no se rinda fácilmente ante los obstáculos. Las negociaciones de short sale pueden ser complicadas y requieren paciencia, conocimiento y determinación. Necesitas un profesional dispuesto a negociar firmemente con el banco y buscar la mejor solución posible para tu situación. La experiencia, la capacidad de negociación y el compromiso con los clientes son cualidades fundamentales que van mucho más allá de cualquier certificación.

Another great option that may save you some time is just Google Orlando Short Sales and see what comes up. The top three results that come up should give you a great starting point. Like most people in the world today, I use Google for just about everything.

¿Tienes preguntas sobre un short sale o estás enfrentando un posible foreclosure en Orlando?

Estoy aquí para ayudarte a comprender tus opciones y encontrar el mejor camino a seguir.

Jenny Zamora, Lic RE Broker.  Certified Distressed Property Expert

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New rules set to improve turn around time for Orlando Short Sales

Publicado el por Jenny Zamora

 Orlando Short Sale Process should be much faster with new rules in place

With the new rules regarding short sales taking effect this month, federal regulators are hoping to streamline the entire Orlando short sale process from beginning to end for residential properties.

The new regulations which will regulate both Fannie Mae and Freddie Mac,  forces the agencies to give short sale buyers a yes or no answer within a 60 day time period. The rule is supposed to go into effect on the 15th of this month.

The rules also force the agencies to respond to initial requests for short sales within 30 days of receiving a buyer’s offer. For Realtors en Orlando, this is great news! No longer will they be able to take their own sweet time to respond, which sometimes meant waiting  a couple of months to see if they even considered the offer. And most of the time the buyer would get frustrated and walk away from the potential deal.

What is an Orlando short sale?

For those of you who don’t know, a short sale is when a lender agrees to accept a contract price for less than what is owed on the mortgage.  Bienes raíces en Orlando values have dropped an average of 35 to 45 percent since 2007 leaving many homeowners with more debt than their home is worth.

Orlando short sales are very popular right now. It’s the perfect solution for the sellers, the buyers, Orlando realtors and the lenders. Lenders get to recoup some of their money back, Sellers are able to get rid of an enormous debt and avoid Orlando foreclosure, Buyers get a great deal on an Orlando property, and it gives realtors an opportunity to earn their money. Any Orlando short sale realtor can tell you that negotiating a short sale is no walk in the park

I believe that with the new short sale rules in place will benefit the entire Florida housing market.

Lenders prefer short sales because they are much more efficient than foreclosures. Although many homeowners have become casualties of lengthy and unpredictable time frames that it takes to process a Florida short sale.

We’ve closed thousands of Orlando short sales over the years and I can tell you from experience that unless you’ve worked with certain lenders before, there’s no way of knowing how it’s all going to play out. We’ve worked some that have taken 60 days from start to finish and some that have taken two and a half years to complete.

 

Ask me anything,   I’m here to help

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Choosing the Right Orlando Short Sale Realtor, A Crucial Decision

Publicado el por Jenny Zamora

Choosing the Right Orlando Short Sale Agent is Serious Business

 

As short sale agents, we go through all the same emotions as the seller we are representing. Working with these lenders can definitely provoke some strong emotions such as anger and frustration at times. Battling it out with short sale negotiators is an everyday occurrance in our office. Whether we’re trying to get an offer approved on a particular property, or negotiate a “Cash for Keys” incentive for one of our clients, there is always some kind of negotiation involved, so you need to make sure that your Agente inmobiliario en Orlando is experienced on the battle field of  short sale negotiations.

One of the Most Important Decisions you’ll ever have to make

When you hire an Orlando Real Estate Agent to take on your short sale file, It’s just like hiring an attorney to represent you in some legal matter. [Except Realtors don’t charge you] The realtor you choose is going to be dealing with your lender on your behalf  which is a huge responsibility. To begin with they have to put together your entire file correctly to then move to the next steps of sending in offers, counter offers, scheduling inspections, arranging showings and the most important task of all, creating rapport and dealing with the short sale negotiator.  Sure, cash incentive programs are out there, but if you’re agent is unaware of what programs you may qualify for, than you could end up getting the short end of the stick.

 

Research your Potential Orlando Agent Before signing

Would hire an attorney if you knew that he or she had just passed the Bar exam and you were their first client. Of course you wouldn’t….Short selling a home is serious business. Fact, selling a house is one of the most important decisions a person will have to make in their life, so it’s very important that you hire an Orlando realtor that specializes in short sales. There are some key questions that you should always ask when interviewing a realtor  before you trust them with one of the most important negotiations of your life.

Still have a million questions about Orlando Short Sales?

Ask me Anything, I’m here to help…

 

 

Sell A house in Orlando

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