{"id":946,"date":"2012-04-20T12:08:24","date_gmt":"2012-04-20T16:08:24","guid":{"rendered":"https:\/\/orlandorealtyconsultants.com\/?p=946"},"modified":"2022-01-26T21:43:34","modified_gmt":"2022-01-26T21:43:34","slug":"orlando-short-sales-overtaking-foreclosure-sales","status":"publish","type":"post","link":"https:\/\/orlandorealtyconsultants.com\/es\/orlando-short-sales-overtaking-foreclosure-sales\/","title":{"rendered":"Orlando Short Sales Overtaking Foreclosure Sales"},"content":{"rendered":"
\u00a0For the first time Orlando short sales <\/a>are becoming more popular than sales out of foreclosure.\u00a0 As a matter of fact, in Florida short sales have outnumbered bank-owned home sales since July.<\/address>\n
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Lenders are favoring short sales more and more these days, with good reason. Short sales have proven to be faster and more lucrative process than foreclosure. Short sales accounted for 24 percent of all home sales nationwide while foreclosure sales represented 20 percent.<\/address>\n
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Top 3 reasons why lenders favor short sales over foreclosure sales<\/a><\/h2>\n
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\u2022\u00a0\u00a0 \u00a0Taking a home to foreclosure is a long, drawn out process and can take up to a couple of years sometimes. Even then, there are soo many things that can go wrong if things aren’t processed correctly by the attorneys, which happens more often than you would think.<\/address>\n
\u00a0\u2022\u00a0\u00a0 \u00a0Lenders can avoid paying a ton of money in legal fees. You can\u2019t foreclose on a home without attorneys. I\u2019ve seen attorney\u2019s charge as high as $15,000.00 for\u00a0 1 single foreclosure case.<\/address>\n
\u00a0\u2022\u00a0\u00a0 \u00a0Better sales prices on Orlando properties. Statistics show that banks get higher and better offers when they short sale as opposed to the foreclosure sale. Many times it won\u2019t even sell at the auction and it ultimately becomes the banks problem\u2026Again!<\/address>\n
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In the end it\u2019s all about the almighty dollar.<\/address>\n
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Lenders are finally realizing that Orlando short sales are a win for everybody. Mortgage companies are even offering large cash incentives to homeowners who agree to do a short sale. I\u2019ve gotten some of my clients up to $20,000.00 back at closing from their lender. How\u2019s that for a bailout plan?<\/address>\n
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\u00a0For the first time Orlando short sales are becoming more popular than sales out of foreclosure.\u00a0 As a matter of fact, in Florida short sales have outnumbered bank-owned home sales since July. \u00a0 Lenders are favoring short sales more and more these days, with good reason. Short sales have proven to be faster and more […]<\/p>\n","protected":false},"author":4,"featured_media":21636,"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":[7,21,9,6,17],"tags":[59,10,12,13,16,55,19,20],"class_list":["post-946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-florida-real-estate","category-orlando-foreclosures","category-orlando-realtors","category-orlando-short-sales-2","tag-orlando-foreclosure","tag-orlando-real-estate-2","tag-orlando-realtors","tag-orlando-realty","tag-orlando-short-sale-realtor","tag-short-sales","tag-stop-foreclosure","tag-stop-foreclosure-in-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