There\u2019s been a lot of buzz about the rising numbers of foreclosure filings in Orlando. The truth is that the increasing number Orlando Foreclosure filings can be deceiving.<\/p>\n
It\u2019s important to know numbers and statistics when you\u2019re a Realtor, it\u2019s even more important to know why things are playing out the way they are.<\/p>\n
One of the main reasons that the number of foreclosure filings are at an all time high is because lenders had no choice but to put things on hold while this whole robo-signing fiasco got sorted out.
\nNow that the lenders and lawyers have had a chance to determine what was done legally or not, it\u2019s back to business as usual for the lenders holding all those delinquent mortgages.\u00a0\u00a0 This should lead to a massive increase in inventory and I think we are leading into a \u201cperfect storm\u201d type scenario\u2026In a good way.<\/p>\n
This is actually a good thing for everyone involved. Think about it, the seller get\u2019s to proceed with a loan mod or short sale so they can be relieved of their debt and move on with their life, the lender recoups a percentage of their money back, a buyer gets a great deal and an Orlando realtor <\/a>closes another deal. The fact is\u2026 As long as Orlando home prices and mortgage interest rates<\/a> remain low. It will be a busy\u00a0 year for Orlando Short Sale Realtors.<\/p>\n
\nIt\u2019s a win win for everyone involved.<\/p>\n