{"id":293,"date":"2012-03-09T10:29:34","date_gmt":"2012-03-09T15:29:34","guid":{"rendered":"https:\/\/orlandorealtyconsultants.com\/?p=293"},"modified":"2022-01-27T20:10:39","modified_gmt":"2022-01-27T20:10:39","slug":"year-of-the-orlando-short-sale","status":"publish","type":"post","link":"https:\/\/orlandorealtyconsultants.com\/es\/year-of-the-orlando-short-sale\/","title":{"rendered":"2012… Year of the Orlando Short Sale"},"content":{"rendered":"

Will 2012 be the Year of the Orlando Short Sale?\u00a0 <\/a><\/h2>\n

Since mid-2006, residential values in Florida have declined by 51 percent. Hundreds of thousands of properties have been, or are, in foreclosure and huge numbers of homes have been repossessed. Check out these numbers for the state of Florida.
\n\u2022 150,000 residential properties in Florida<\/strong> have been repossessed, and are now REO\u2019s.
\n\u2022 371,000 foreclosure cases are open in courts today.
\n\u2022 530,000 residential mortgage loans are at least 90 days past due and in default.
\n\u2022265,000 homeowners have not made a mortgage payment in more than two years.
\n\u20221 million residences are in some form “distressed,” whether in foreclosure, owned by banks or in default.
\n\u2022 46 percent of mortgages are “under water” \u2026 in other words, the debt exceeds the current market value of the residential property.
\n809,\u2026 this is the average number of days to process a foreclosure in Florida \u2014 It\u2019s easy to understand why Orlando short sales<\/a> have become so popular with both lenders and sellers, because are the best option for both parties and they create positive movements in the total market.
\nWill 2012 be the Year of the Orlando Short Sale? I think so, I also think that 2013 might be an even stronger Year of the Short Sale in Orlando because of the volume of pending foreclosures.<\/p>\n

There was a group of 150 people that consisted of analysts, lawyers, bankers, real estate agents and developers who attended a forum that more lenders are warming to short sales. They all agreed that distressed homeowners are overcoming their psychological hurdles and coming to terms with the financial implications of an Orlando short sale.<\/a><\/strong><\/p>\n

Although, the impacts of Orlando foreclosures and short sales and the fear of more to come are still a threat and prevent value appreciation from returning to its previous levels, there are still some positive signs of growth in the market.<\/p>","protected":false},"excerpt":{"rendered":"

Will 2012 be the Year of the Orlando Short Sale?\u00a0 Since mid-2006, residential values in Florida have declined by 51 percent. Hundreds of thousands of properties have been, or are, in foreclosure and huge numbers of homes have been repossessed. Check out these numbers for the state of Florida. \u2022 150,000 residential properties in Florida […]<\/p>\n","protected":false},"author":4,"featured_media":21734,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[7,5,6,17],"tags":[29,22,23,32,10,12,14,16,25,26,35,18,28],"class_list":["post-293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-orlando-real-estate","category-orlando-realtors","category-orlando-short-sales-2","tag-florida-bargain-property","tag-florida-short-sales","tag-orlando-bankruptcy","tag-orlando-bargain-property","tag-orlando-real-estate-2","tag-orlando-realtors","tag-orlando-short-sale-expert-2","tag-orlando-short-sale-realtor","tag-orlando-short-sales","tag-short-sale-expert-orlando","tag-short-sales-in-orlando-fl","tag-short-sales-orlando-florida","tag-stop-foreclosure-orlando"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t