Is A Short Sale Right for A Struggling Orlando Homeowner? In today’s crumbling real estate market, many homeowners in the Orlando area are struggling with monthly mortgage payments and may soon face foreclosure. Negotiating revised loan terms would appear to be a good option however loan modifications are failing for many [Continue]
Orlando Homeowners in Trouble have many options! Facing foreclosure in the Greater Orlando area is not only a financial crisis; it can also be an emotional crisis. So this is a time to take stock and examine your options. There are several reasons why Orlando homes go into foreclosure. Perhaps the home was purchased at the [Continue]
What is a Short Sale? You have heard the term Short Sale, but do you really know what it means? In today’s Real Estate market you often hear the term “Short Sale” and you surmise it isn’t something good, but wonder “What is a Short Sale?“. The end result of a Short [Continue]
Modified Loans May Still Lead to Short Sales Will Loan Modifications Help Homeowners in Orlando, Florida? In areas like Orlando, Florida, hard hit by increased foreclosures and decreased home values, loan modifications held out some hope for slowing the real estate market’s downward spiral. However, initial early data may indicate many [Continue]
Short Sales Can be Successful Short sales may be the number one niche in the real estate market right now, but many agents are loath to handle such transactions. They insist that banks do not want to approve short sales, the process is too time-consuming, and it’s difficult to get everyone [Continue]
There may be help for troubled Orlando homeowners on the horizon! Congress sits poised to dole out the next $350 billion in bailout funds to banks as more and more people loose their homes to foreclosure. Congress has now indicated they may even include some type of much needed help for homeowners [Continue]
Orlando, Florida Short Sale Home Buyer Tips: An Interview with Chris Myers of the Orlando Property Group We were interviewed by Kevin Sandridge of the blog site, www.floridamortgageblogger.com. Kevin is one of Orlando’s premier mortgage broker’s, and through doing business together, we’ve come to respect his industry knowledge [Continue]
New Short Sale Rules Speed Up the Process Financially stressed homeowners left hanging while their banks consider whether to approve the short sales of their properties may benefit from new federal guidelines that give lenders a 10-day limit in which to respond to purchase offers. The rules announced earlier this month from [Continue]
A report by journalist John Couwels for CNN says Disney World has announced a major loss of income and is planning to layoff employees, maybe as early as this week. Even the Magic Kingdom can’t avoid the reality of the country’s economic slump and this year could be even worse. Officials expect tourism to [Continue]
If you’re an Orlando homeowner teetering on the edge of financial collapse, President Obama’s foreclosure relief program may not arrive in time to save your home. You may think foreclosure is an option but do you know what to expect? An article by David Colker of the Los Angeles Times offers some insight. You could continue [Continue]
