Tag: Orlando short sale expert

What if My Lender Doesn’t Agree to a Short Sale?

Posted on by Jenny Zamora


 

 

What if my Lender won’t agree to a short sale? | Video Transcript

Speaker:   “This is John Conde with Orlando Realty Consultants… I’m 44 years old and I’ve never had a cavity, However, today we’re here to talk about other alternatives to short sales.”
Speaker:  “First question…The gentlemen with the dark glasses”
Audience: “What if my lender doesn’t agree to a short sale?”
Speaker: “OK… so if your lender doesn’t agree to a short sale there are other options available to you. So why don’t we just go over a few of those options now? yes?…yes?

1-One option would be a “deed in lieu “, which is basically a voluntary foreclosure and all that happens is that you sign the property back over to the bank without going through the whole legal process involved with a foreclosure. You should be aware however that a deed in lieu will show up on your credit as a foreclosure.
Speaker:  Next question…Lady with the sandwich
Audience: “What about bankruptcy?”
Yes absolutely, bankruptcy is also an option to avoid foreclosure… There are 2 different types of bankruptcies.., chapter 7 and chapter 13… Now I’m not an attorney and therefore I’m not qualified to educate you on bankruptcy… However, we do have attorneys on staff that will be happy to sit with you for a free consultation, just call our office, OK

OK, now another option available to you, if you’re interested in trying to keep your house is a loan modification… Basically, it’s when we try and get the terms of your loan adjusted so that you can afford to keep your home…….  We try to do this by either getting your payment reduced or reducing the principal balance or both.
There’s a lot involved with doing a loan mod and if you’re interested in seeing if you qualify, just give us a call and someone from our staff will be happy to help you

Speaker:  Next Question?… the young lady with the Pomeranian
Audience: What happens if I just let my house go to foreclosure?

Speaker:  OK what if you just let it go to foreclosure… Well, I would highly recommend that you don’t take this approach because you are just giving up… and when you give up then you’re giving up all control of your situation and the bank can do what they want at that point.
And don’t think that just because you let it go to foreclosure, you will be free of that debt. Actually, the opposite will probably happen and the bank will slap you with a deficiency judgment for the difference between what you owe and what the property sold for at the auction.
So please if you find yourself in this situation…consult with a licensed real estate professional figure out what your best option is and take action… Thank YOU… I’m sorry I have to go… no more questions at this time.

IF YOU ENJOYED THE VIDEO ABOVE YOU WON’T BELIEVE WHAT HAPPENS

IN THIS ONE, JUST CLICK ON THE IMAGE BELOW  

Short sale Press Conference

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9797 Portofino Dr. | Orlando short sale

Posted on by Jenny Zamora

9797 Portofino Dr.  This Orlando short sale is located in one of the most desirable neighborhoods in Central Florida… Nonacrest. It’s a two-story 2,476 Sq. Ft. 3 Bedroom 3 Bathroom ready to move; a beauty of a property, and nestled in this absolutely gorgeous gated community.

The open layout of this house is as inviting as any. With vaulted ceilings, granite countertops, and lots of natural lighting, anyone would fall in love with this property.

This A-rated school district house is located close to the brand new medical city, shopping malls, MCO International Aiport, and Disney parks.

To see this or any of our other properties, visit us at Orlando Realty Consultants

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Back on the market! Orlando Short Sale | 14834 Oldham Dr.

Posted on by Jenny Zamora

We have the Approval Letter in hand! Last buyers unable to close.  Take advantage of this great Orlando Short sale property. Located in the very desirable University Estates, this gorgeous  2,357 Sq ft. 4 Bedroom 3 Bathroom home with a private pool is move-in ready! It has a spacious open layout and the neighborhood is loaded with great amenities for the whole family.

Close to shopping, restaurants and good schools in the area.

Here are just a few of this property’s great features

* Vaulted Ceilings

* Large master suite

* Solid wood cabinetry throughout

* Large formal Dining room

* Lots of natural lighting

* 2-car garage

* Screened in porch

* Wood Burning Fireplace

* Good School District

 

Great Amenities!

* Community Pool

* Gazebo

* Tennis courts

* Basketball courts

* Playground

Perfect location near UCF, Waterford Lakes Towne Center shopping and dining all with easy access to highway. Hurry Today! This home won’t last for long.

 For more info on this terrific property call us today at 407-902-7750 or visit us at OrlandoRealtyConsultants.com

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Orlando Short Sale Negotiator confesses to using stall tactics

Posted on by Jenny Zamora

I’ve been doing short sales in Orlando since 2005 and something happened last week that has never happened to me before. I’ve been working on this Orlando shorts sale listing for the past 3 months. After negotiating with the bank we got the payoff approved at $192,000.00 and the buyers were ready to close. Each time I would get a hold of the negotiator he would say that I would have the approval letter the next day so I would then update my clients with the same update that was given to me. After hearing the same story from me day after day and week after week It got to the point where everyone thought it was all somehow my fault.

To make matters worse, the buyer got tired of waiting and walked from the deal, my client even talked about hiring another agent. The following day I received a call from the negotiator and I couldn’t believe what he told me. He actually told me that he was purposely stalling this particular file because he didn’t want it to close until the month of March. He explained to me that the bank can only handle a certain amount of loss per month and they had already hit their limit for the month of February. He then proceeded to explain to me how he was purposely stalling me by not providing me with the approval letter. When I heard this I felt like reaching through the phone and slapping him. That wasn’t possible so I did the next best thing, I gave him a piece of my mind.

All he had to do was inform me of what was going on from the start and everything would have been fine. The buyers would have had no problem at all waiting as long as they knew what was going on. After I vented my frustration with the negotiator I insisted that he personally call my client and explain the situation to him. Thank God everything is back on track and all is right with the world, we’re closing at the beginning of March.

Short sale negotiations can get complicated and can be extremely frustrating. If you’re in need of an Orlando short sale expert call me at 407-902-7750 for a free analysis of your situation.

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Short Sale in Hunters Creek, FL | 2722 Runyon Cir.

Posted on by Jenny Zamora

This week our featured property is located in the beautiful neighborhood of Hunters Creek. This neighborhood was recently voted the 21st best place to live in America. The top-rated schools in addition to everything else mentioned below, Hunters Creek is one of the most desirable neighborhoods in Orlando. The good news is that you can still find a great deal in Hunters Creek.

The Parks of Hunters Creek

If you have kids, you will love Hunters Creek,  It’s obvious that when they made the plans for building Hunters Creek 25 years ago, they had young families in mind all the way. There are playgrounds, soccer fields, baseball fields, football fields, basketball courts, tennis courts, and racquetball courts for residents to enjoy. Hunters Creek also has youth sports programs for just about any sport you can think of for children wanting to participate. There are also gazebos and community centers that can be used for private activities.

Shopping and Restaurants

Hunters Creek is conveniently located close to several good restaurants right there in The Village. Wherever you live in Hunters Creek, you’re only a few minutes away from a healthy selection of family restaurants, pubs and there’s even a Farmers market. If it’s a mall your looking for, try going to the Loop. It’s just minutes away and it has a wide array of stores as well as a movie theater.

Shingle Creek Trail

Over the years we’ve seen enough animals in our backyard to start a zoo. We’ve seen deer, turkeys, river otters, bobcats, foxes, wild boars, bald eagles, Sandhill cranes, and owls just to name a  few. With ponds everywhere, most residents are able to go fishing, kayaking, or canoeing without even having to drive. Although we’ve seen small alligators in the water, the larger ones are removed by animal control and taken to Gatorland.

Shingle Creek Trail is a beautiful conservation area that consists of hiking trails, bike paths, lakes and there’s even a trail that travels along the side of Shingle Creek where people go kayaking, canoeing, and fishing. We often go bike riding through the trails because my boys love it.

It’s a 1 story home with 4 bedrooms and 2 bathrooms and 1,878 sq ft of living space.

Here are just a few of the property’s features

* Large master suite

* Open Kitchen with tons of cabinet space

* Granite countertops throughout

* Vaulted Ceilings

* Solid wood cabinetry throughout

* Dining and great room designed for family gatherings and entertainment.

* Lots of natural lighting

* Huge backyard on a pond

* 2-car garage

* In-ground screened in pool

Easy access to schools, first-rate shops, and restaurants. A must-see!

Call to make your appointment, You DO NOT want to miss out on this Great opportunity! Make an offer today before it’s too late.

Are you currently searching for your Orlando dream home?  Look no further just click on;  search Orlando Luxury real estate and you’ll have access to all the properties listed on the Florida MLS. Within just a few clicks of your mouse, you’ll be searching out Florida real estate like a pro.

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