Foreclosures in Kissimmee/Saint Cloud Florida are in high gear. There are currently 769 foreclosed properties on the market. 403 are active listings and 366 are in the pending status. We have just come out of a 30 day moratorium of foreclosures and the gates are about to open. Not to mention that 60% of loan modifications will end up in foreclosure. So the majority of the work that the banks have been doing to help the folks of this great country is going to be for naught. I haven't even touched on the new wave of 3-5 years arms that are coming of age.

We are going to be in this foreclosure market for at least 2 more years. It may be worse before it gets better. Will prices get lower? Nobody can tell. Are banks holding back inventory to slow the decline of prices, nobody knows.

What we do know is, that there are great prices out there for first time home owners to use the $8,000 tax creditfor seven more months. We do know that interest rates are at historic lows. There are great values and great financing, everyone should take advantage if home ownership is something that is desired.

We help folks purchase Bank Owned Foreclosures Everyday! Call us today to get the process started. Or visit www.ResidentTeam.com and sign up foor our V.I.P. Buyers program to start receiving Forecloses to view in you own home.

We have also started to impliment Market SnapShot so folks can see neighborhoods and what is listed and what is selling.

Jump in today before these interest rates are a thing of the past.

Mark Horan

Broker/Associate
Keller Williams Realty
Phone: 407-301-0312
Email: markhoran@NUMBER1EXPERT.com
Website: www.ResidentTeam.com