Finding the right Orlando Short Sale Realtor for you
Regular listings and short sale listings are 2 completely different beasts, which is why if you need to short sale your home, you should seek out an "Orlando Short Sale Expert". This is an agent that specializes in doing only short sales and [...]
What are Orlando Short Sales sales all about?
Working as an Orlando short sale specialist for over eight years, I get questions from both clients and realtors about short sales all of the time; How does a short sale work? Do I have to be behind on my mortgage to do a short sale? How will it [...]
Are Orlando Short Sale properties being valued correctly?
The valuation of an Orlando short sale, as determined by the short sale lender, is probably the single most important factor of the transaction. The way it works is; we submit an offer to the bank, then the bank will order a BPO [...]
Re-Habbing Homes in Orlando has become a very popular business model lately.
With Orlando short sales on the rise and inventory becoming scarce, many Orlando re-habbers are cleaning up. The truth is that most people who are looking to buy a house, don't want to have to deal with any repairs once [...]
Orlando Realty Sales are slowly overtaking the number of distressed properties coming on to the market
Chief Economist Dr. John Tuccillo says "The fear is that the inventory of delinquent and foreclosed loans will be released onto an already weakened market," , explaining the findings of a new [...]
Homeowner Associations have gotten tougher and tougher to negotiate with over the years. It used to be that an Orlando homeowner trying to short sale their house wouldn't have to worry about paying their delinquent HOA dues until the closing date. Not only that, but they would also settle for a [...]
The Mortgage Debt Relief Act of 2007 is set to expire
The tax-relief provisions enacted by Congress during the housing crisis to help financially strapped homeowners is about to come to an end. This is the 2007 law that allows taxpayers to exclude from income the amount of debt that is forgiven [...]
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[...]
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[...]
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 [...]