This blog is part of a monthly series about the foreclosure market in the Orlando area. My goal is to keep area home owners and buyers educated on how the REO market is recovering or if it is and what deals are out there for both First Time Home Buyers and Investors. Click the link to see Orlando's December Foreclosure Numbers.
Area Number of Homes
Florida 56,284 Bank Owned Homes in the State of Florida
Orange Co 4,560 Bank Owned Homes in Orange County
Seminole Co 799 Bank Owned Homes in Seminole County
These numbers are said to be accurate as of 1/15/10 9:03 am
Numbers seem to be remaining the same but I contribute that to the Holiday moratoriums where banks dont kick people out of homes at that time. I think February's numbers will be high.





Heather Unger, GRI, NRBA, CLHMS, CDPE, WinDs
RE/MAX Central Realty
www.HeatherTheRealtor.com (407) 810-6304
Our Team Specializes in Luxury Real Estate, First Time Home Buyers, Short Sales, Bank Owned Real Estate, REO & Foreclosure Properties
Servicing Real Estate Needs in: Lake Mary, Longwood, Winter Springs, Sanford, Altamonte Springs, Oviedo, Orlando, Downtown Orlando, Thornton Park, College Park, Winter Park, Maitland, Windermere, UCF, Lake Nona, Baldwin Park, Apopka, Ocoee & Winter Garden
I'm betting that this new requirement that banks must go to mediation before they foreclouse on a homestead is just going to again prolong the agony and make things drag out.