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bank owned properties: Bank Owned Properties - Sold in Orlando - Investors and First Time Home Buyers - 11/20/09 07:01 AM
This month we have had the pleasure of helping many buyers purchase their first home to investment properties. As an reo listing agent I have the insider tips and tricks it takes to get my buyers deals accepted on bank owned homes in the Orlando area. Let's take a look at the amazing deals this past month that my buyers have had the opportunity in purchasing. Values represent homes in their current condition.
Address Purchase Price List Price Appraised Value
Beechdale Ct $50,000 $67,500 $85,000
Sugar Bend Dr $18,000 $30,000
Belhaven Dr $200,000 $200,000 $222,000
S Old Mill … (4 comments)
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bank owned properties: 9 Unit Investment property on the shores of Lake Minneola - 11/18/09 05:17 PM
Just listed a new investment property in Clermont on the shores of Lake Minneola. This great REO property has 7 buildings and 9 rental units ranging from 1/1 to 2/1 units. All units have fresh paint and new carpet. In the past the 2/1 units have rented for as much as $1000/mo however a more realistic average is $600. Property is also a great investment for later tear down and rebuild as most homes that sit along this shore are million dollar properties.
This bank owned property is listed at $425,000 and the bank is looking for an offer. If you … (2 comments)
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bank owned properties: Orlando homes for sale - Investor Paradise - Bank Owned Homes - 09/16/09 04:02 PM
Orlando Banked Homes for Sale seem to be selling to inventors like hot cakes these days. I have put together a list of Bank Owned Homes that we have forsale that are either new on the market or not yet open to the public, but you will have first opportunity to preview them here.
Homes Not Yet Listed
808 Fruitland Dr Deltona, FL
1312 Fernendina Dr Deltona, FL
515 Howard Dr Orange City, FL
1749 Cunningham Ct St. Cloud, FL
7212 Halton Windermere, FL
4838 Muir Village Orlando, FL
12956 New York Woods Cir Orlando, FL (Auction)
5200 1st Street … (2 comments)
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bank owned properties: Orlando Bank Owned Homes For Sale - Calling all Investors - 08/03/09 10:28 PM
Orlando Bank Owned Homes for Sale - These homes are looking for buyers or investors to snatch them up. All of the below properties are Bank owned homes that I have listed and are active on the market. All of the homes are in good or fair condition none of the homes are in complete shambles. Some Move in ready others need a little elbow grease.
The banks want to get these homes sold come make me an offer. All offers are considered!!!
Votaw Rd Apopka, FL $74,900 1,385 sq ft 3/2 1/3 acre
Bon Air Dr Orlando, FL $52,000 … (1 comments)
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bank owned properties: What's the difference between a Short Sale and a Bank Owned Home - 05/28/09 11:53 AM
The topic of hot debate, what's the difference between a short sale and bank owned property (REO)? This is a great question. There are two big differences. A property being sold as a Short Sale is still owned by the current home owner. They are in default on their mortgage and instead of being foreclosed on and ruining their credit more, they ask the bank to accept a sale and take less then what is owed to bank, it's the banks choice to take this or not and some banks are not offering this option anymore. A Bank owned property or … (11 comments)
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bank owned properties: Orlando Home Buyer's have patience when purchasing a home - 05/28/09 09:56 AM
As a full time buyers agent here in Orlando I have worked with just about all types of buyers, from the first time home buyer to the seasoned veteran. I have assisted clients who are Orlando natives and those that have come as far as Denmark. One thing remains true patience is needed when purchasing a home.
As a professional in my field of Real Estate my job is to educate home buyers and make the process as easy as possible. With the market being flooded with bank owned properties and short sales this becomes especially true. It's a whole different … (2 comments)
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bank owned properties: It's Raining Money in Orlando - 03/18/09 09:35 PM
Facts about Bank owned / REO (Real Estate Owned) Properties
There are 572,572 REOs Nationwide 65,240 in the State of Florida alone In seminole county there are 850 properties Bank owned homes in Orange county are a whopping 4,975 That's almost 6,000 amazing deals on properties in Central Florida
Whether your a first time home buyer, experienced home buyer or investor in the Orlando are you cant deny the fact that there are deals to be had. With almost 6,000 of those deals right here in central florida.
As an REO agent I have the expertise to help get … (6 comments)
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bank owned properties: Did you hear banks are giving homes away - 01/06/09 08:14 AM
You have heard it on the media, Home prices slashed! Purchase a $500,000 for $250,000. It's all over the media, spinning this hype that banks are just letting these homes go for pennies. The media is doing their job well, to spin hype and create commotion however their job is not selling real estate. I am out there on the streets with clients viewing these homes and making offers, talking with other agents, banks and listing short sales myself. People listen to the Real Estate Professionals when they tell you asking the bank to take $30,000 of a price plus asking … (12 comments)
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bank owned properties: Top pick of BANK OWNED homes around Orlando, FL - 12/06/08 04:58 PM
Heather's Top Picks
Bank Owned Real Estate Around Orlando, FL
This weeks picks: 12/06/2008
This is a new edition in a series of blogs about Real Estate in Central Florida. I currently blog about What's Hot & What's Not in Orlando, a weekly look at the top listings for sale and recently sold properties.
This series will go over my top picks of bank owned real estate in both Seminole & Orange County, FL. I will break down my top picks by area and price points. Each week will feature a new list of real estate for sale.
… (0 comments)
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bank owned properties: Good luck using your SHIP down Payment Assistance Funds from Seminole county - 11/25/08 08:56 AM
I have helped families in the past purchase a home using Seminole County Down Payment Assistance funds known as SHIP. These funds are very hard to get but even harder to use. In years past it wasnt quite so bad since the majority of the homes were still owner occupied. But we all know what this market is, Short sales and bank owned homes.
I am pretty knowledgable in that arena too. I have worked both sides of the deals on short sales and sold plenty of bank owned homes this year. The 1 key to these deals is As-Is … (8 comments)
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bank owned properties: Top Pick of Bank Owned Properties around Orlando, FL - 11/19/08 07:04 PM
Heather's Top Picks
Bank Owned Real Estate Around Orlando, FL
This is a new edition in a series of blogs about Real Estate in Central Florida. I currently blog about What's Hot & What's Not in Orlando, a weekly look at the top listings for sale and recently sold properties.
This series will go over my top picks of bank owned real estate in both Seminole & Orange County, FL. I will break down my top picks by area and price points. Each week will feature a new list of real estate for sale.
Definitions:
REO stands … (3 comments)
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bank owned properties: Bank owned properties, Nehemiah and Real Estate Highs and lows - 09/29/08 06:39 PM
For the record I love bank owned properties around the Orlando, FL area. They are great deals for buyers, it allows most buyers to get into a great home in a great area for less, just needs a little TLC. However this week has been a trying one. My buyers wrote and offer on a property about a week and half ago. Banks sometimes get back to us right away and sometimes they take a little longer. The agent told us about 3 days after sending in the offer, she is pretty sure we have the deal but waiting for … (6 comments)
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bank owned properties: Orlando Area homes up for online bidding - 08/25/08 05:55 PM
Homes up for auction!!!!
Ready to bid on your next home? I have homes listed from Lake Mary to Orlando all available for bidding online. That's right you have the opportunity to bid on these homes just like you do on Ebay. So how does this whole bidding thing work? Glad you asked.
Here's how bidding works:
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It's an "online, real time" format, visit my auctions here.
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When you place a bid, you enter the maximum amount you're willing to pay for the property. The seller and other bidders won't know your … (2 comments)
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bank owned properties: Lake Mary Properties up for auction come bid online - 08/25/08 05:52 PM
Homes up for auction!!!!
Ready to bid on your next home? I have homes listed from Lake Mary to Orlando all available for bidding online. That's right you have the opportunity to bid on these homes just like you do on Ebay. So how does this whole bidding thing work? Glad you asked.
Here's how bidding works:
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It's an "online, real time" format, visit my auctions here.
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When you place a bid, you enter the maximum amount you're willing to pay for the property. The seller and other bidders won't know your maximum bid amount.
… (0 comments)
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bank owned properties: Orlando Real Estate Market Are you looking for a short sale or bank owned property? - 04/30/08 01:44 PM
So as most people know Orlando is ranked 13th for the most amount of foreclosure, depending on who's writing the article we are in the top 10. With that said it's not a Buyers Market unless you are buying and a wealthy man once told me when the streets are running red with blood, buy buy buy. Didnt matter what it was and well part of the reason he is quite wealthy.
In total Central Florida has 3,420 bank owned or short sale properties. In the past 24 hours there have been 48 new properties put on the market in Seminole and … (0 comments)
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bank owned properties: Foreclosure Auction hitting Orlando Florida this April - 03/29/08 03:58 PM
Every wonder how you can bid on Foreclosure houses without bidding at the court room steps?
You have come to the right place. There will be a large auction coming to Central Florida April 13th. You can bid on nearly 100 homes in the Central Florida area. These homes can be previewd on April 5 and 6th from 1-3pm, but why wait til then?
These properties are on the market now and can be seen anytime with the assistant of a buyers agent. Want to make an offer before the rest of the bidding public has a chance? Pick up the … (4 comments)
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Heather the Realtor - Orlando, Lake Mary First Time Home Buyers, Bank Owned Homes
Orlando,
FL
More about me…
RE/MAX Central Realty
Address: 605 Crescent Executive Court Suite 332, Lake Mary, FL, 32746
Office Phone: (407) 810-6304
Cell Phone: (407) 810-6304
Email Me
Heather Unger's blog is for those looking to gather information on Central Florida's Real Estate Market including areas such as Orlando, Lake Mary, Baldwin Park, Lake Nona, Longwood, Seminole County, Winderemere, Winter Park, Thornton Park & College Park. In her blogs you will find information on how the current and local market is for all types of buyers and sellers from first time home buyers to the luxury real estate market, where to find the next deal in new construction and bank owned properties (REO) or how to get your home sold quickly. Better yet check out her website www.HeatherTheRealtor.com. Here you can also find her video blog showing her recent appearances on HGTV's House Hunters and other great real estate videos, plus information on local communities and areas.
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