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]
Many property buyers today are interested in foreclosed properties when they think of investing in Real estate. Often these properties can be purchased at better prices and can offer a better return on investment. If you are interested in foreclosure investing there are some things you should be aware of. Be sure to take advantage [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]
A coming wave of mortgage adjustments threatens to prolong, and possibly worsen, the foreclosure crisis, industry analysts warn. Estimated 2.8 million option adjustable-rate mortgages are scheduled to reset in the coming years, with the peak in mid-2011. Those resets will cause those borrowers’ monthly payments to balloon, potentially [Continue]
The economic slowdown has brought a major mortgage crisis in Orlando city too. As a result, a large inventory of Orlando Foreclosures is available and are cheap – almost 10- 50% low in cost as compared to the open market and have the best of locations and properties to choose from. Most of the Orlando [Continue]
A foreclosure means the owner of a property cannot pay the mortgage and is forced to give up the property to pay back what is owed. Investors and buyers, if you’re looking for real-estate bargains, buying foreclosed property is one of the best ways to get an excellent deal. One of the best ways to find [Continue]
Orlando homeowners who were hoping to find help from the Federal Government’s Homeowner Affordability and Stability Plan may be disappointed. As reported in the Wall Street Journal on March 5, the devil is in the details. There will be incentives and subsidies to encourage loan servicing companies to ease the pressure on borrowers by [Continue]
A recent Money Magazine article written by Joe Light touted the advantages of a short sale in today's market. When a buyer is looking for a bargain in Central Florida, a short sale can be the answer. [Continue]
Good news for Orlando area homeowners forced to sell their homes during this economic recession: The Federal National Mortgage Association, known as Fannie Mae, is trying a new pilot program to speed up the short-sale process. Orlando’s bargain housing market has passed Miami, Fort Lauderdale and Jacksonville in the number of homes sold in [Continue]
With foreclosures occurring in nearly every Orlando neighborhood, a mob of unscrupulous vultures has swooped in to prey on desperate homeowners. Here are a few things to watch for to protect yourself from their scams: If you’re contacted out of the blue by someone claiming to be with your lender and offering to assist you with [Continue]
