New Listing in Hunters Creek! – 14679 Eagles Crossing Dr.

VIDEO  www.OrlandoRealtyConsultants.com

THIS PROPERTY IS NOT A SHORT SALE

This is a Beautiful 3 bed, 2 bath home on a Corner Lot. No rear neighbors, just a beautiful view of Conservation.

This property boasts a huge Huge fenced-in backyard with enough space for a Pool.

With a little paint, this property will look brand new and will be move-in ready.

The seller is motivated and Ready to Move!! Call to make your appointment –

Property Stats

3 Bedroom

2 Bathroom

1,571 Sq Ft.

2 Car Garage

Fireplace

Playground

To see this or any of our other great properties please visit us at https://orlandorealtyconsultants.com/

 

Hunter's Creek realtor

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Foreclosure Drop Experienced in Orlando

Foreclosure of residential houses in Orlando has shown a marked decrease. This started from the time when the state began to expedite foreclosures as per the new law that was implemented from July 1 this year. According to reports by RealtyTrac Inc, foreclosure filings have dropped by at least 50% as compared to the past year. The total number of houses in the Metro Orlando area which received their first foreclosure notice fell to 678. This is effectively a fall of 63% compared to the previous year. This trend that is experienced in Orland real estate is repeated across Florida. A statewide report published in July by the Florida Supreme Court states that cases related to foreclosure fell 75% when compared to July 2012.

Reasons for the drop

It is unclear if the drop is the result of a new law formulated to streamline the ability of the lender to repossess immovable structures that are saddled with mortgage payments long overdue. According to one foreclosure attorney, this dramatic fall is the result of banks and mortgage service providers being unable to provide documentation as proof that they are in control of the loan as demanded by the new legislation. As per the attorney, the new law was written in such a way that it was almost indecipherable to the lending industry as well as to the courts.

Mortgage companies are taking the only action they can confidently opt for – either modify the mortgage or sell the concerned house as a short sale. Orlando short sales are said to occur when an immovable property or a house is sold for less the amount of money owed on the structure. The incidence of short sales has been increased throughout Florida in the past few months.

Decrease in foreclosure filings

Foreclosures are markedly decreasing. In Metro Orlando, approximately 2,415 houses gave some variety of foreclosure filing. The August report shows that such filings have decreased by 27% when compared to the previous year’s August report and also a 11% decrease from July this year. The Orlando metropolitan area is made up of 3 regions: Orange, Seminole, and Osceola. According to RealtyTrac Vice President, it is premature to assume that the law is not functioning as it should. Although foreclosure activity is down for the Orlando area, the courts have approved an increase in number of foreclosure sale notices as well as auction notices in the metro region. One way of knowing that foreclosure notices will be filed is that the concerned banks have begun to start the search and preparation work important to start the process of foreclosure.

 

 

Orlando Real Estate Broker

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Can I Buy my Home Back after I Short Sale it?

One of the most common questions I get from sellers is “Can I buy m house back after the short sale is done”. The truth is that there are cash investors, hedge fund buyers as well as non-profits out there that specialize in doing just that. They will buy the property as a short sale then lease option it back to the original seller after 2 or 3 years. It’s actually a great option for a seller because they don’t have to deal with the hassle or expense of moving all of their stuff to another house.

Even though there have been laws in the past that have prevented these situations from happening, there was an amendment made to the “Making Home Affordable Program” that now allows a Non-Profit Organization to buy a property then lease it or resell it back to the seller. However, in order for everything to be done legally all requirements under the “Home Affordable Foreclosure Alternative aka [HAFA] must be met by the seller. As with any important transaction, it’s important that you read the fine print.

Here are some things to consider when entering into a buy-back agreement with a non-profit organization or cash investor.

 

1) You must qualify for a HAFA short sale in order for this to be an option for you. Not only that but even if you do qualify for a HAFA short sale this buy-back program is still subject to the approval by your lender. In other words, even if you meet all the requirements from HAFA, your bank still has to approve the sale of the property to a non-profit organization. There’s absolutely no guarantee that your lender will agree to this arrangement and you just won’t know until you try.

2) If the home is not your primary residence, you won’t qualify for HAFA. In the lender’s eyes..you purchased this home as an investment which defeats the whole purpose of the HAFA program.

3) When using a cash buyer expect to pay full market value for your home when it’s time to close. Cash investors expect to get a decent return on their money when entering into any lease option agreement. The deal just wouldn’t make sense to them if they weren’t guaranteed a nice profit when it’s all said and done. A typical cash investor will want at least 3-5% of the purchase price as a non-refundable deposit [sometimes more] to ensure that the buyer will do everything in their power to close on the deal. And if they’re not able to close, the investor gets to keep the deposit as well as the property.  Also, you can expect to pay a higher than the average interest rate, I’ve seen investors charge as much as 13% interest on a lease option contract.  Cash investors will usually want full market value for the property at the time of the contract signing. This can be a double-edged sword because if the property appreciates over the time of the lease contract, then it benefits the buyer. However, if the property depreciates over the time of the contract, then it benefits the investor because the purchase price was locked in at the signing of the agreement.

 

A short sale may still be your best option

Even if you’re not approved for a buy-back program, a short sale may still be your best option. Surrendering a home that owes much more than it’s worth is a smart business decision. By doing a short sale, a homeowner can walk away free and clear from debt. Many times homeowners can even come away from the closing with thousands of dollars through certain programs. Throughout the years we’ve helped thousands of homeowners avoid foreclosure by completing a  short sale on their homes. Our team of dedicated real estate professionals is dedicated to finding real solutions for Orlando homeowners that are facing foreclosure.

 

 

Orlando short sale expert

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How to train your Orlando Buyer’s agent

For first-time homebuyers in Orlando, it’s imperative that they’re able to communicate to their real estate agent exactly what they’re looking for.  This will save the potential home buyer as well as the Realtor a lot of time. It may seem like an easy task but you’d be surprised at the lack of communication that goes on between Orlando buyer’s agents and their own clients.

Here are some helpful tips on how to make the most  of your agent buyer relationship

Be clear on what your wants and needs are. The more details that you’re able to provide your agent with like; How many bedrooms and bathrooms, how many sq ft? what neighborhood or subdivision you want to live in? are you interested in Orlando short sale homes? etc., the less time you will waste on looking at houses that don’t meet your criteria. With all the technology available to real estate agents these days,  they are able to eliminate a lot of the leg work by searching for homes for sale online. A good buyer’s agent will do more than just search the MLS, they will also search for homes that aren’t listed on the MLS like FSBOs [for sale by owner]. They do this by extending their search to craigslist, and newspaper classifieds, and even by driving around in the neighborhood where their buyer wants to live.

Be demanding…in a nice way.  Real estate agents want to close deals so that they can get paid. However, agents also want to be the “Hero” when it comes to finding the perfect house for their buyers because they know that if they do their job well, they will probably get more clients from the buyer’s friends and family. It’s OK to be a demanding buyer, I mean you’re about to make a huge investment by buying a house. However,  you should also be nice at the same time. The last thing you want is for your agent to have you on their “Difficult Client” list. This may negatively affect your relationship with your real estate agent and they will be less interested in finding your dream house.

Be responsive. Good real estate agents work very hard for their clients and there’s nothing more frustrating to an agent than when they spend time searching for the perfect house for a buyer then that buyer doesn’t return their call or email and they end up losing that house to someone else. By being responsive to the agent and returning their calls or emails immediately, this will most likely create a reciprocal effect and the agent will be just as responsive to you as you are to them. This will also give you the upper hand if you need to tell your agent to be more responsive to your messages.

Be honest with your agent. If your real estate agent finds you a house that meets all your criteria but for some reason, you still don’t like it, then you need to tell them. Don’t be afraid to hurt the agent’s feelings, it’s not their house. Remember that this is about you [the buyer] first and foremost, therefore it’s the agent’s job to make you happy. If you can’t be honest with your agent, then you probably won’t end up with the house you want and you will end up settling. Would you lie to your doctor about what hurts? Of course not because you want results!

Evaluate your agent. Not all real estate agents were created equally, therefore you should evaluate your agent’s performance after a week or two. Ask yourself these questions

     a. Has your agent shown you houses that meet your criteria?

     b. Has your agent been responsive to your calls or emails as you are with them?

     c. Are you happy with your agent’s performance so far?

If you can answer yes to these three questions, then you may want to hang in there. However, if you feel that your agent is neglecting you or they just aren’t getting the job done as per your expectations, then I would say it’s time to find another real estate agent to represent you.

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Apopka Short Sale | 1662 SCRUB JAY RD, APOPKA

Apopka Short  Sale | 1662 SCRUB JAY RD, 32703- https://orlandorealtyconsultants.com/ VIDEO

Beautiful Apopka home and in Great Condition.

4 Bedrooms
2 Bathrooms
Open floor plan with lots of space.
Formal dining
Large living room.
Move in ready!
This is home d is price right for  a quick sale. Don’t wait! This property won’t last long.

Orlando Realty Consultants is a full service Real Estate brokerage located in Orlando Florida which specializes in doing Orlando Short Sales and Foreclosure Prevention with a team of highly experienced short sale realtors on staff.

We provide Professional Real Estate solutions for both home buyers and sellers. Our diverse team of Orlando real estate experts have experience in all aspects of Real Estate. We will work with you to make your home purchases and sales process as simple as possible, while providing you with the most up-to-date information of your transaction process as it develops.

Trusted Buy Your Neighbors Since 2005

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