Banks are getting much faster at the Orlando short sale process
Short sales have had a bad reputation in the Orlando real estate market for several years now. Realtors didn't want to take on short sale properties either because they didn't know what was involved and were afraid of getting in over [...]
Fannie Mae is taking the Lead on making short sales move even faster for Orlando homeowners
It's amazing to see how far certain lenders have come in the way of helping homeowners to get their Orlando short salesapproved. In the not so distant past, some of the major lenders were hell bent on making[...]
Orlando Real Estate is Hotter than ever right now
As of a year ago in August asking prices are up 8.6% which means that we are actually eighth in the nation, tied with San Jose California. This is good news for Orlando homeowners who elected to ride the storm out since the crash in 2007. These [...]
Loan modifications have helped thousands of Orlando homeowners to keep their homes.
However, you must be aware of the fine print and know exactly what it will mean to you. Sometimes the terms of a loan modification are often worse than the original mortgage. The best loan modifications are when [...]
What will happen to Orlando short sales if the Mortgage debt relief Act of 2007 is not extended?
Short sales have been very popular since the market crashed in 2007, mainly because sellers have the benefit of not being taxed for the deficiency between the mortgage amount and the actual [...]
Older Americans who own Orlando real estate are not immune to the foreclosure process
Many Americans that are 55+, grew up thinking that real estate in Orlando would only appreciate in value and that you need to own a house to be financially secure. That way of thinking was passed on from there [...]
Financial Hardship is not the only reason why Orlando homeowners are not paying their mortgage
Strategic Default is when a homeowner decides to stop paying their mortgage, not necessarily because they can’t afford it, but because it’s a bad investment not worth paying into anymore. Even if the [...]
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 [...]
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 [...]
Junior lien holders are taking Potential Orlando short sales hostage.
The truth is that bargaining with second and third-lien holders is tough and causes serious delays deals and even killing some Orlando short sales, even though banks embrace the whole Florida short sale trend in order to [...]