Tag: Orlando Realty

Orlando Real Estate Attorney Drops the Ball, Homeowners Pay the Price!

Posted on by Jenny Zamora

Last week we picked up a new client , we’ll call him “Joe”, and his story one that we’ve heard far too many times, only the characters were different. So I felt that I needed to share it with everyone in hopes that someone will benefit from it.
Joe fell behind on his mortgage about 6 months ago and decided that he wanted to short sale his Orlando house. Instead of consulting with an Orlando short sale realtor, he and his wife went to see a real estate lawyer.

Joe’s BIG mistake

The biggest difference between consulting with an Orlando real estate attorney and consulting with an Orlando realtor is that one charges $250.00 per hr and the other doesn’t get paid until the job is done. Can you guess which one is which?

Anyway, back to the story. When they sit down with the attorney, they were so impressed with all the shiny plaques on the wall and the expensive furniture, that by the end of the conversation, they wrote him a big fat check for $3,000.00 for him to complete their short sale…[ I guess my mom was right I should have gone to law school!]

The plot thickens… At first they asked him to submit the usual paperwork: bank statements, tax returns, etc. Then he would call in for the usual update once a week or so. This went on for a few months and the answer from the law firm was always the same; it’s being worked on.
After he didn’t hear back from the lawyer for a while, he decided to call his lender to find out what’s going on and guess what?…. The lender had closed the file because of missing documents!!

Joe was furious and wanted answers so he called the Law office to speak with the lawyer. His only conversation with the lawyer to this point was when he wrote him the check, after that he would always be transferred to a processor or secretary.
When he demanded to speak with the lawyer, they said he would have to schedule an appointment to come in…Oh, and he would have to pay the hourly rate of $250.00!!

With an approaching auction date, and having to start the short sale from the beginning, he was now in a much worse position. Not to mention he lost the $3,000.00 that he paid to the lawyer…have you ever tried getting a refund from a lawyer before?
We’re working hard on Joe’s file right now, especially to stop the foreclosure sale on his house. Since he wasted so much time, our work is cut out for us.

The moral of this story is…Even if you’re considering a lawyer to do your short sale, why not consult with an experienced Orlando short sale realtor first. It’s Free!

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Orlando Homeowners Have all the Power!

Posted on by Jenny Zamora

We all know how thousands of Orlando homeowners have suffered through this foreclosure crisis since 2007.  There is another group of individuals that is also feeling the effects of all this…Lenders.

The truth is, banks have taken an extensive beating over the last few years and the effects are starting to show. Lenders don’t have many options when it comes to managing Orlando foreclosure properties. Even the usual process of foreclosure has been anything but reliable.

Orlando Homeowners have all the power.

A homeowner with the right strategy can stay in their home for over three years without making a single mortgage payment. I know this for a fact because several of my clients are in this situation.
Fact: It actually costs the lender less money to let the homeowner stay for free and maintaining the property than it does to evict the homeowner and pay to have the property maintained.

Don’t freak out, go see an Orlando Realty professional

I just cringe every time someone comes in to see us and they tell me that they moved out of there house because they fell behind on their mortgage and they thought that the “Big Bad Bank” was coming to kick them out. Unfortunately, most of the time it’s too late to do anything about it because they’ve already turned the key into the bank and moved into a new lease.
It kills me because if they would’ve just come in to see us when everything first happened, they could’ve saved tens of thousands of dollars and lots of stress.

That’s not the way it works!

Here are 3 things that you absolutely need to know if you’ve fallen behind on your mortgage.
1-    Don’t stop talking to your lender! As a matter of fact, call them often and tell them what’s happening with you. Ignoring the situation is the worst thing you can do!
2-    Even if the bank begins foreclosure proceedings, they have to inform you well in advance [in writing] of hearing dates, sale dates, etc. They can’t just kick you out from one day to the next.
3-    Talk to an Orlando Real Estate Expert. It’s free to speak with a top Orlando Realtor and an experienced agent will be able to inform you of all your options and help you come up with the perfect plan for you.

One thing is for sure, there has never been a better time in history to do an Orlando short sale than right now. There are so many homeowners facing foreclosure right now that banks are having to negotiate better and better deals.
We’ve gotten our clients anywhere from $3,000.00 to over $20,000.00 back from the lender depending on what program we‘re able to qualify them for.

Still have questions? Ask me anything, I’m here to help

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Orlando Short Sales Increasing because of Financial Incentives

Posted on by Jenny Zamora

Banks are finally starting to come to the realization that it’s much cheaper to pay off delinquent borrowers as an incentive to short sale their Orlando house than it is to take them through the foreclosure process. I think it’s about time they saw the bigger picture.

Bank of America as well as a few others are currently testing incentives from $5,000-$25,000 here in Florida to see if they should be expanded to more states.  JP Morgan Chase went national with incentives of up to $35,000, and Wells Fargo’s incentive ranges from $3,000-$20,000. If that’s not incentive then I don’t know what is.

These incentives are saving lenders big money compared with the expenses involved in completing a foreclosure. In Florida, where foreclosures go thru the courts, 50% of loans in foreclosure are more than two years past due. No one knows how long they will keep offering these incentives or what determines which sellers will qualify.  You can have two similar sellers, and one might receive the incentive and the other may not receive it.

One thing is for sure though, if you’re looking to do an Orlando short sale, right now is the best time to short sale your house. Never before in history have banks ever been so cooperative and generous to borrowers who have fallen behind on their mortgage.

Here’s more good news… You don’t have to pay the mortgage while the short sale process is happening.  That’s right you stay in the house for free until the short sale is complete.

If you’re considering an Orlando Short Sale on your house,  contact us for a free consultation with one of our short sale specialists and find out exactly where you stand. You’ll be glad you did.

stop foreclosure

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Orlando Realty Consultants Launches their New State-of-the-Art Website!

Posted on by Jenny Zamora

After several months of research and hard work, Orlando Realty Consultants launched what is possibly the most powerful Orlando real estate website ever made!

The new site took hundreds of man hours of building it out with the latest technology and cutting edge real estate tools. Orlando real estate has never been easier to research

Potential Orlando home sellers and buyers have the ability to do everything from searching the Florida MLS for the best real estate deals,  to getting a free property analysis done on their property.

•     User Friendly,  OrlandoRealtyConsultants.com is extremely easy to use and anyone can navigate through it. With soo many powerful tools at your fingertips ORC has turned buying  and selling Orlando homes into a pleasant experience.
•    IDX technology, This site is equipped with state of the art IDX system software for Real Estate Brokers.
•    Put together by top Webmasters,  With the help of top webmaster Steve Scott and his team, this website is easy to use and has maximum SEO capability making it a breeze for potential clients to find us.
•    A few of the Features-
Property Search- Allows you to quickly search the Florida MLS based on the criteria that you enter

Map Search- Ineractive mapping software that allows you to see and find out any information
or statistics about the neighborhood that you want to search.

Address Search- Search properties by address and find out all public data about the property

Listing Manager- This tool allows you to get emailed everytime there’s a listing that fits the
criteria that you entered

Mortgage Calculator- Quickly find out what your mortgage payment will be based on the
criteria that you enter.

Home Valuation Request- Enter any property address and get the true value of the property
within minutes
Those are just a few of the tools that are contained in the ORC website. With websites like this, realtors can focus more on customer service for their clients as opposed to spending countless hours in front of a computer screen doing research.
The biggest advantage is for the clients, never before has it been easier to find out virtually everything you need to know about any property within minutes and it’s easy to see that this site was designed with the Orlando real estate client in mind. Go ahead… Take a test drive!

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Make Your Orlando Home Appealing to Buyers

Posted on by Jenny Zamora

Give Yourself the Best Chance at Selling your Orlando Home

If you’re trying to make your Orlando home a bit more appealing for a potential buyer, then there are some things that you should consider.  First of all, not everyone has the same taste as you and so that’s why you should keep it simple when staging your home to be sold.


Never leave things out like family photos, personal keepsakes, and treasured belongings. All of these items should be safely packed away which very often creates open space. Everyone loves open space, it makes the home feel bigger and people can get a better feel for the layout.


Believe it or not Orlando home buyers often make a decision within just seconds of seeing your home about whether or not they want to buy it. So remember that and picture your home through the eyes of your potential buyers. What impression do you get in the first 30 seconds?


Sometimes a neighbor can help you out with this. If you do ask someone to give you an honest opinion about the first impression they get of your home, don’t take it personal if they don’t like some of your choices as far as decorating, just listen.


Here’s a List of easy things you can do to increase your chances of getting a contract on your Orlando property

•    Remove all loose clutter inside and out.  When you walk up do you see children’s toys scattered across the front lawn or throughout the house? Get rid of it something as simple as clutter can be a deal killer.

•    Make sure your yard and landscaping looks as good as it possibly can. Overgrown trees ,  shrubs and grass are eyesores and it’s the very first look that they get at the home.

•    I think it’s always good to get a fresh paint job when selling a home. It makes a huge impact and is relatively inexpensive to do. If painting is not an option, at least touch up any spots that are chipped wore out or can’t be cleaned.

•    Remove any furniture that is causing the house to look smaller or that is in the way when you show a potential buyer your home. Most of the time less is more when it comes to bulky pieces of furniture that can absolutely change the look of a room.

•    Add artwork to long hall ways. You don’t have to buy artwork that costs thousands of dollars but, if your home has long hall ways, it’s nice to break up the monotony with some tasteful artwork. Use contrasting shades and hues to coordinate with the flooring. When you’re shopping for the artwork or borrowing it from a friend or your real estate agent or homestager, if possible bring swatches of the carpet or flooring and wall paint to match the artwork colors.

•    Make the kitchen a focal point. Whether they cook or not, the kitchen is of primary interest to many buyers. Winning over buyers with an appealing kitchen can often convince them that they must have the home. Make sure your appliances are clean, sparkling, and working. Return on investment in the kitchen is usually high and worth every penny, and more, you put into it.

•    The bedroom needs to look like a bedroom. It sounds funny, but many people use their bedroom for other things such as an office or storage. Boxes or newspapers are scattered or stacked in a corner. There’s no “ah” or sense of relaxation with that kind of room. So even if that’s how you’ve been living, understand that’s not how you should show a home.

Making your home more appealing means seeing your home through the eyes of your potential buyers. When you start receiving more offers than you know what to do with, you’ll be glad you did.

sell your Orlando Home

Jenny Zamora, Lic RE Broker

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