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orlando reo: Central Florida homes are selling briskly with the $8000 tax credit deadline looming - 10/11/09 09:44 AM
Interesting story in today's Orlando Sentinel. It goes into depth of one man's saga to try and buy a decent home before the $8000 tax credit runs out. After 4 months of looking, the would be buyer gave up because everything he liked either sold with multiple offers or else could not pass FHA financing standards. Now that we are in mid-October, anybody that doesn't put a house under contract immediately is going to struggle to meet the deadline if they are trying to obtain conventional or FHA financing.
The story points out that nearly all of the decent affordable Orlando homes for sale are … (2 comments)
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orlando reo: Second wave of foreclosures is coming - big time - 06/09/09 06:12 PM
This 60 Minutes bit has been around for a while, however many people still haven't seen it. Even though the real estate market does appear to have gained some steam recently with all the bailouts and the $8000 first-time home buyer tax credit, that still is not going to do much to prevent the continuous stream of foreclosures. These videos are very eye opening. If you aren't working the short sale and REO market now, after seeing this you may want to seriously consider positioning yourself into that market.
Part 1:
Part 2:
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(Copyright © … (1 comments)
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orlando reo: The Tricks and Traps of Buying bank owned REO properties - Part 2 - 04/28/09 08:22 AM
This is the second part of this series. Here is the link to Part 1 of the article. My goal with this series is to hopefully educate a few buyers and investors on the foreclosure and REO process.
Once the foreclosure has been concluded, the bank hires a real estate agent to list the property for sale. The first step in doing this is to find out if the property is still occupied. If someone is still living in the property, the real estate agent is instructed to offer the occupant "cash for keys," typically from $500 to $3000 (depending on … (2 comments)
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orlando reo: The Tricks and Traps of Buying bank owned REO properties - Part 1 - 04/22/09 08:57 AM
The term REO has become more and more commonplace over the last couple of years. It is an acronym for Real Estate Owned and means a property that has been taken back by a bank or similar institution either through a mortgage foreclosure proceeding or a deed in lieu of foreclosure. In this first article on this subject, I plan on going through the basics of how a bank reacts to and deals with a foreclosure at least from my observations as a real estate broker who has listed short sales and REO properties and who has represented buyers in purchasing … (0 comments)
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orlando reo: Foreclosure and short sale homes are selling in Orlando - 03/27/09 07:02 PM
I can't say for sure if it because it is officially Spring time which begins our busy season or if something has turned in the marketplace. What I can say for sure is that properties are selling. Sales are up and things are busy. Our foreclosures and bank REO listings are often getting offers within just a few days and some are going with multiple offers. Our short sale listings are getting approved reasonably quickly compared to what they were even just a few months ago. The contract assignment deals are moving too - investors are buying in droves.
Granted the … (2 comments)
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orlando reo: Foreclosure, REO, and short sale real estate opportunities in Central Florida & metro Orlando - 06/13/08 12:24 PM
Below is a sample of the free list of foreclosure properties that we can provide to you. Our firm specializes in foreclosures, short sales, and investment opportunities in real estate.
If you are interested in buying a new home in Central Florida in any price range, foreclosure or not, give me a call.
List of short sale homes for sale.
List of bank owned foreclosed homes for sale.
This list is just a sampling of some of the properties available. If you do not see anything you like on this list, just give me a call or email and I will see what else I … (0 comments)
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orlando reo: Great deals on houses are everywhere - 04/08/08 07:57 PM
March was another great month for deals. It hasn't been since the hurricanes of 2004 that I have seen so many great deals out there. Sellers are dumping properties left and right, and savvy buyers are jumping in and buying them up.
Some deals our firm was involved with in just the last month: Pine Hills 4/2 for 72K. Lockhart 3/2/2 for 101K. College Park 2/2 for 115K. Poinciana 3/2/2 for 79K. Debary 3/1 for 95K.
These are great values people. They can be flipped and still leave a lot of profit for an end buyer. They can be rented out with a … (10 comments)
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Rob Arnold, metro Orlando full service, investor friendly & foreclosure Realtor
Altamonte Springs,
FL
More about me…
Sand Dollar Realty Group, Inc.
Address: Apopka, FL, Longwood, FL, Winter Springs, FL, Casselberry, FL, Orlando, FL, Deltona, FL, Debary, FL, , Altamonte Springs, FL, 32714
Office Phone: (407) 389-7318
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We Buy Houses Florida.com
My thoughts on the real estate industry, real estate investing, rental properties, mortgages, listing houses in the MLS, government and legislative issues affecting real estate brokers and investors. Serving metro Orlando & most of Florida.
Rob Arnold - ABR, CPL, CRB, CSP, GRI - Managing real estate broker, Notary Public
Disclaimer: This blog is for educational, entertainment, and yes blatant advertising purposes. Read it at your own risk and enjoyment :-) It is not meant to be construed as legal or financial advice. These are my personal views and opinions only. Regarding any properties advertised on this blog site - all information is deemed reliable but is not warranted nor guaranteed - price, terms, and availability are subject to change without notice.
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