Tag: Jenny Zamora

Fannie Mae Short Sales Just Got Shorter

Posted on by Jenny Zamora

Fannie Mae

I believe that Fannie Mae, Freddie Mac as well as most all other lending institutions finally acknowledge the importance of the realtor’s role in the short sale process.

It seems like yesterday [back in 2004] when we started doing short sales. Orlando realtors like myself that specialized in doing only short sales dealt with frustration everyday.

Short sales were rare and many lenders weren’t equipped to properly handle the short sale process. And when you did complete a short sale, getting your hard earned commission from the lender at the closing was like pulling teeth. Thankfully, we’ve come a long way since then and most lenders are very aware of how to handle a short sale efficiently.

In 2008 shortly after the bubble burst in 2007, the US Department of Treasury introduced the Making Home Affordable Program aka “HAMP”.  The intention was to reach out to struggling homeowners that wanted to try and keep their homes as opposed to selling them via short sale or losing them to foreclosure. The program was extremely successful at what it was supposed to do which was help homeowners modify their mortgage so that they could keep their home.

By this time, “short sale” was a pretty common term for anyone who owned a house or anyone who watched the local news for that matter. Lenders were also getting used to processing short sales and even started offering several different “Cash for Keys” programs as an incentive to homeowners who agreed to short sale their home. Even though, overall, short sales are still complicated and time consuming many lenders have seen the light and have taken leaps and bounds in streamlining the the short sale process.

Fannie Mae [Federal National Mortgage Association] announced recently that they will attempt to assist listing agents that want to pursue a Fannie Mae short sale. In order to understand Fannie Mae’s new and improved process, you have to understand how short sales work.

 

What Changes Were Made With Fannie Mae Short Sales?

Fannie Mae just introduced a new website www home path for short sales .com. At the time of the listing, Fannie Mae will now provide list price guidelines. In addition, the agency will work directly with the listing agent or seller to get the 1st lien approval. The next step for Fannie Mae is to allow realtors to negotiate an offer directly through them saving us even more time.

 

Jennifer Zamora Orlando Realtor

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields

Orlando Mortgage Brokers Speak Out

Posted on by Jenny Zamora

Orlando Mortgage Brokers Spill Their Guts

Recently, top mortgage brokers in Central Florida were asked what their biggest challenges were in their industry. A few of them had this to say…

Some claim that the mortgage market still has ways to go before it fully recovers and that home sales are still below normal levels when you compare them to last year. Brokers feel that inventory levels still haven’t quite caught up with the demand. They went on to say that many people are still reluctant to buy because of the overall lack of confidence in the job market.  All of these factors have a tremendous impact on home purchases in Orlando. Some believe that there is a building demand from new families as well as baby boomers that want to move into a smaller space to begin their retirement.

A mortgage broker’s role is to help their clients understand the entire process involved with a mortgage and how to make sense of it so that they can become homeowners or refinance their existing mortgage. As an Orlando Realtor, I depend heavily on my relationship with a few select mortgage brokers that have proven what they can do through past transactions. It works the same way for them. I get a steady stream of short-sale clients from the mortgage brokers that I work with because they know that I’m an Orlando short sale expert and they can count on me to get the job done.            

  

Customer Service Is King …                                                                                                                                                                              Mortgage brokers would also be wise to really focus on making their customer’s experience a good one. I can’t tell you how many times mortgage brokers get blamed when something goes wrong at the closing table. Turn around time is key when you do mortgages and the most successful mortgage brokers are the ones that get the job done and get it done fast. Even though mortgage brokers take a lot of heat when something goes wrong at the closing table, People should understand that many times it’s completely out of the mortgage broker’s hands.

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields

Why Use An Orlando Listing Agent?

Posted on by Jenny Zamora

Orlando Listing Agents Vs. FSBO

Recently, there has been an upward trend of Orlando homeowners attempting to sell their houses on their own by way of FSBO [For Sale By Owner]. They are convinced that they have a plan that will save them thousands of dollars by not using a real estate agent. Unfortunately, this is never the case. When someone is advertising an FSBO, they don’t realize that the money they set out to save by not using a real estate agent will usually be spent just by doing the things that a realtor usually does.

Think about it this way…If you had to go to court because of an important case that involves you, would you want to show up without an attorney? Of course not, that would be suicide. Then why on earth would you not want to be represented by a professional in the sale of your most valuable asset? I believe that some people have this idea about real estate agents being lazy and they feel that they can do anything a realtor can do.

Orlando Realtors are trained professionals that are licensed by the state of Florida. They provide services that are meant to ease the burden of selling a home and ensuring that everything gets done legally and in a timely manner. Also, realtors are able to market your home to a much larger audience than you could ever dream of reaching by listing it on the MLS in addition to all the other marketing tools that real estate agents have access to.

Use An Orlando Realtor With An Online Presence

These days, It’s important to choose an Orlando Realtor with a strong online presence because 85% of Florida home searches start online.  Every realtor has or should have access to the MLS.  The MLS or “Multiple Listing Service” is a service that allows realtors to submit their listings for maximum exposure.

However, a successful real estate agent won’t rely just on the MLS for marketing a house for sale. A top Orlando realtor will have a very strong online presence as well.  At the very least, they should at least have their own website.

Our company not only has a main website but we also use social media sites, Youtube videos, and a blog to market our properties. By using all the tools available to us, we’re able to sell our properties extremely fast compared to other real estate agents in Orlando.

 

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields

Downtown Orlando to Get New Apartment Complex

Posted on by Jenny Zamora

Work is scheduled to start during the third week of June on a nine-story apartment building complex in uptown Orlando. The area close to Lake Eola has been subjected to minimal development after the crash in Orlando real estate about seven years ago.

Development by Jefferson Apartment Group

Two acres of land were purchased at South Osceola Avenue and East Church Street by Jefferson Apartment Group during the first week of June this year. The seller was an investor based in Ohio. According to the Jefferson Apartment Group spokesperson, work on the complex is expected to begin immediately with the placeholder name 420 Church. The complex is expected to have 299 units.

The southern flank of Lake Eola saw a number of apartment and condominium buildings come up before the real estate market took a turn for the worse in 2007. Since then, the area has seen three complexes being constructed.

The 420 Church construction plan includes about 9,000 square feet, destined for retail at the ground level. About one-third of the total area is to be transformed into an art gallery on a lease basis. It will also include10 studios at the ground level which can be used by the artists.

According to Mike Mulhalli, Regional Partner, Jefferson Apartment Group, the company strives to create an arts district near Eola. The property, in addition to the proposed art gallery, will consist of three secured parking levels with the fifth-floor housing a pool deck.

Built for renters

According to Mulhali, notwithstanding the fact that the urban core of Orlando is predominantly rentals, the uptown area of the city continues to attract renters who have the ability to pay in the region of $1,200 per month for kinds of apartments that have more than adequate amenities. The concept envisioned by Jefferson Apartment Group changed after it started planning for the project about five years ago.

Mulhali said that the Orlando Realtor is also developing a different site located to the south of the city. He confirmed that the company has a contract nearer to South Street. He was reluctant to give out more details. According to Susan Morris of Colliers International, a real estate firm, Jefferson is one of many apartment complexes in the final planning phases for uptown Orlando.

Another uptown project in the process of taking shape is The Sevens. It is scheduled to be set up on a property located at North Orange Avenue.

 

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields

Orlando Short Sale Closed After A Year

Posted on by Jenny Zamora


 

Orlando Short Sale Testimonial 407-902-7750 Video https://orlandorealtyconsultants.com/

 

This is the story of Shary Babinski who needed to get a short sale done on her Orlando home. After a year of battling with her lenders, Jenny Zamora RE Broker not only managed to get the short sale completed but she also got Mrs. Babinski $3,000.00 in relocation costs.  In addition, the Babinski’s ave no deficiency judgments or promissory notes against them.

If you or someone you know needs help with a short sale on your Orlando home then give us a call at 407-902-7750 or visit us at  https://orlandorealtyconsultants.com/short-sales/.   One of our sort sale specialists will sit down with you and figure out a plan that works best for you.

 

 

Orlando short sale expert

Let's Keep In Touch!

New ORC Form Lead

"*" indicates required fields