orlando foreclosure: What to expect with a bank owned foreclosure home
- 10/11/12 08:48 AM
We acquire and list quite a few junker homes. This particular one is a foreclosure home that I assume has been sitting empty for several months. If you are thinking of diving into the foreclosure arena, this is what you will often find when you first take possession of one of these REO properties. Often there is damage and neglect. There is nearly always some personal property and trash left behind. This particular property is in the Orlando Florida area. The locksmith just picked the lock and opened the door today. The roof has been leaking for a while and it … (7 comments)
orlando foreclosure: Great real estate deals we sold in Central Florida - February 2012
- 03/02/12 12:16 AM
Another month is behind us and we even got an extra day thanks to leap year. The Orlando weather has been warmer than usual this Winter and buyers are back. Inventory continues to fly off the shelves and interest rates are at record lows. Below is a sampling of some of the great deals that we sold in February 2012.
Yellowood Mainsail Holbrook 1. Yellowood Ct, Altamonte Springs, FL 32714. Big 3/2 townhouse in Oakland Village. Bank owned foreclosure. Had roof issues and bad smells. But sold cheap enough. $45,000 to a cash buyer. Cash is king! … (0 comments)
orlando foreclosure: Great real estate deals we sold in Central Florida - December 2011
- 01/02/12 03:56 AM
December and the year 2011 are behind us and while typically a slower month at most real estate offices it was busy and steady at Sand Dollar Realty Group. Plenty of deals closed last month along with some nail biter short sales that the banks wanted off the books before year end.
Sheeler Hills Pine Sap Rouse Run 1. Indiana St, Haines City, FL 33844. 2 bed, 2 bath home built in 1929 with charming wraparound porch. Great shape, but unfortunately a short sale for the owner. Sold in December for just $40,000. 2. Ballard St, Altamonte Springs, … (5 comments)
Westpointe Hibiscus Crosswind 1. Westpointe Blvd, Orlando, FL 32835. This was a 2 bed/1 bath condo in Bermuda Dunes in the Metrowest area. Located on the golf course and minutes from Universal Studios and the attractions. Sold for $76,000 to a cash buyer. 2. Hibiscus Road, Casselberry, FL 32707. A 3 bed/1 bath handyman special house in … (2 comments)
Briarcreek Woodridge Dean Cove 1. Polaris Loop, Casselberry, FL 32707. 2 bed/1 bath villa in Summit Village. One of our regular investor customers fixed this property up and then listed with us using a limited service listing. Sold to a cash buyer after only 3 days on the market for just over $43,000. 2. Briarcreek Dr, Apopka, FL 32703. 3/2/2 pool home in Piedmont Lake Estates. Another … (3 comments)
orlando foreclosure: The Truth about Short Sales and Strategic Defaults
- 09/17/11 03:45 AM
Being a very active real estate broker in Central Florida for many years now, I get a fair amount of people contacting me who want me to help them evaluate their financial situation regarding properties they own. Certainly I am not a lawyer or tax advisor and cannot give legal or tax advice but I do have a ton of experience in evaluating property values, short sales, and people’s financials. This article is about the pros and cons of short sales, foreclosures, deed-in-lieu, and strategic defaults based on my own experiences. The first thing to keep in mind if you … (5 comments)
orlando foreclosure: The latest and greatest investor deals in Central Florida
- 06/11/11 02:04 PM
About once or twice every week, we email out all the great investor priced real estate deals that our firm has available. And with the market the way it is, not only are the deals plentiful but investors are snatching them up quickly. You can sign up for our deals by simply going to our Sand Dollar Realty Group website www.SDRhouses.com and entering your email address. Or just contact us directly and tell us what you are looking for. Check out these deals that we have listed or are wholesaling: - Lake Mary 32746 condo in Regency Park foreclosure - 2 bed/2 bath … (0 comments)
orlando foreclosure: Investor special house deal in Orlando Florida - we sell foreclosure homes
- 04/28/11 12:46 PM
Despite what the media may be saying, the Orlando Florida real estate market is booming. Prices are at 20 year lows in many areas and the deals are spectacular. Our firm has been specializing in great investor deals since we opened for business in 1996. We work the short sale, foreclosure / REO, HUD home, probate, sinkhole, and fixer upper market right here in Central Florida. The particular home mentioned in this video is a HUD home that our We Buy Houses Florida division put under contract last week. It is a 3 bed/2 bath/2-car garage, 1508 square foot home, built in … (1 comments)
orlando foreclosure: Great Orlando home deals that we sold in March 2011
- 04/02/11 03:17 PM
The first quarter of 2011 is over and more great real estate deals have been snatched up here in sunny Central Florida. Check out this sampling of the many Orlando homes that our office sold in March.
Lightfoot Thornhill Grand Cloverdale 1. Lightfoot St, Deltona, FL 32738. 3 bed/2 bath/2-car garage bank owned REO home. Yes it was a fixer upper house but look at how cheap it sold for. Just $34,000. A house like this can easily rent for $700+ per month. Talk about a cash cow. 2. Altera Ct, Kissimmee, FL 34758. Located in Poinciana … (1 comments)
orlando foreclosure: Orlando real estate deals we sold in October 2010
- 11/03/10 05:03 AM
October 2010 was an interesting month as headline after headline kept coming about the impact of foreclosure paperwork problems caused by questionable bank and foreclosure attorney activities. Nevertheless, our office sold some 30 properties in Central Florida last month. Despite the headlines, many of these sales were REOs and short sales. Check out some of these great deals:
Great Commission Hilltop Nowell 1. Great Commission Way, Orlando, FL 32832. I always liked the name of the street. Just sounds like something that a Realtor would want to sell. Beautiful 5 bed/3.5 bath home near the Lake Nona … (1 comments)
orlando foreclosure: The next wave of foreclosures is coming
- 11/19/09 09:05 AM
There have been several articles over the last year about the next big wave of foreclosures coming down the pipeline. 60 Minutes did a whole documentary on this last year.
Today USA Today published another article discussing the backlog of foreclosures on the horizon caused by failed short sales, failed modifications, government moratoriums, etc. Another 7 million homes in the USA are destined to go into foreclosure over the upcoming months. This article makes an interesting read: Another Wave of Foreclosure Looms. Central Florida / Orlando gets hundreds of new foreclosure case filings every single week. So anybody that is telling … (5 comments)
orlando foreclosure: Second wave of foreclosures is coming - big time
- 06/09/09 11:12 AM
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:
112 Camphor Tree Lane 2709 Haulover Blvd 1. 14549 Tabago Bay Drive, Winter Garden, FL 34787. Beautiful 4 bed/4 bath and nearly 4000 square feet. This was a fabulous home in the Bay Isle gated community. This short sale sold for just $299,975. … (0 comments)
orlando foreclosure: Short sale foreclosure deals in Central Florida - go with a pro you know
- 04/19/09 03:53 AM
Our firm has been providing short sale, foreclosure, and bank owned REO asset management in the Central Florida and metro Orlando area for quite a while now. I actually worked my first short sale in 1999 when the real estate community (or at least I) was not familiar with the term "short sale." I just knew that the seller owed basically what the home was worth but had to unload it due to a hardship plus pay closing costs and a commission to me. Even back then it took me over 4 months to get the seller's lender to accept the deal, … (1 comments)
orlando foreclosure: Beware foreclosure rescue scams, "big brother" IS watching
- 04/02/09 08:45 AM
With the real estate market and general economy the way it is, more and more predators have come out from under the rocks. Last year I blogged extensively on the Florida Foreclosure Rescue law FS 501.1377 that went into effect 10/1/2008. This was Florida Attorney General McCollum's baby and since it went into effect he has been aggressively going after violators.
I was fortunate enough to go with a group last Fall and actually meet one-on-one with the Attorney General so that we could discuss concerns about this new law. The AG was quite open with us and stated that the … (4 comments)
orlando foreclosure: Foreclosure and short sale homes are selling in Orlando
- 03/27/09 12:02 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)
503 Mattie Street 118 Beaufort 14127 Tanja King 1. 503 Mattie Street, Sanford, FL 32773. This was a 4 bed / 2 bath block house. It wasn't a short sale or a foreclosure. Actually an investor bought this property though our company as a bank owned REO about … (0 comments)
orlando foreclosure: Orlando foreclosures are everywhere - we're #7
- 01/15/09 12:48 PM
According to statistics released by RealtyTrac and the Orlando Sentinel, Florida is the #2 state in the USA and Orlando is the #7 metro area in the USA for foreclosures being filed. Whether you like them or not, short sales and foreclosures are here to stay for quite a while. The trend doesn't seem to be slowing down one bit.
What does this mean for anyone in the real estate industry? It means you better be focusing on foreclosures if you want to survive. Cheap foreclosure properties are still selling. We have had 4 closings since January 1, and all 4 … (5 comments)
orlando foreclosure: Great Central Florida house deals that we sold in December 2008 - Orlando, Deltona, Sanford, Kissimmee
- 01/03/09 11:28 AM
I am glad a few people did take my advice and try to get some great year end deals. Banks love to unload properties before a fiscal year end, and some buyers really got some steals in December. Here are just a few of the transactions we were able to get sold last month. Many are foreclosures, bank owned REO's, and short sales. But some are just regular old good deals.
2662 Delcrest $155,000 2817 Maguire $185,000 2871 Lockwood $123,900 1. 2662 Delcrest Drive, Orlando, FL 32817. This lovely 3 bed / 2 bath / 2-car garage home in East Orlando was a short … (1 comments)
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, GRI, PHP - 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.
We acquire and list quite a few junker homes. This particular one is a foreclosure home that I assume has been sitting empty for several months. If you are thinking of diving into the foreclosure arena, this is what you will often find when you first take possession of one of these REO properties.
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