reo: Buying new construction vs Bank Owned Foreclosure Property - 04/15/11 10:36 AM
There's been some debate lately as to whether you should buy New construction property versus a Bank owned foreclosure home in Orlando. I say either can be a great deal just depends what you are looking for and current housing needs.
 
Here are my top reasons you should purchase a New Construction Home in Central Florida:
 
It's brand new - never lived in, most the time you get to pick the fixtures and have outstanding warranties from 1-2 year interior to 10 year structural If the community is new there are no bad loans in the community meaning no … (2 comments)

reo: INVESTMENT OPPORTUNITY - DOWNTOWN ORLANDO - BANK OWNED - FORECLOSURE - 03/10/11 05:35 AM
CALLING ALL INVESTORS - AMAZING OPPORTUNITY NOT TO BE MISSED- 3 BANK OWNED PROPERTIES TOGETHER FOR A MINIMUM OF 7 RENTAL UNITS in DOWNTOWN ORLANDO This is one of those rare opportunities that every investor is looking for, I have listed 3 buildings in Downtown Orlando 2 buildings contain- 2 townhomes EACH - Built in 2008 these units are move in ready
3 bedrooms, 2.5 bathrooms, 1 car garage, hardwood floors all ss appliances, 42" cabinets, balcony off the master, large soak tub in the master bathroom and individually fenced yards. (4 individual units in total) 
 
The other building is zoned … (3 comments)

reo: Calling Downtown Orlando Investors - Townhomes bank owned - 4 units together - 02/27/11 07:59 AM
Calling all Downtown Orlando Investors do I have a deal for you. 4 Townhomes together bank owned and ready to rent. The average rent for the area is $1525. That's $6100 a month income and very low maintenance. The units are less then 3 years old and are in great condition. Looking for positive cash flow and ROI look no further

3 Large Bedrooms
2.5 Bathrooms - 1/2 bathroom downstairs
1 C Attached Garage
Each townhome has it's own private fenced yard
Hard wood floors downstairs
SS appliances and 42" cabinets in the kitchen
Faux wood blinds
Granite countertops in … (2 comments)

reo: TOP 5 PRELIST - ORLANDO, FL HUD AND BANK OWNED HOMES - 01/20/11 09:27 AM
Here is my TOP 5 list of the best PRELIST properties around Orlando, Fl. They included bank owned homes and HUD Houses. These homes are not yet available to the general public but are coming soon. So here is my run down of whats coming.
 
1) Lake Mary, FL - HUD Home - 304 Dorchester Sq - 2 Bedrooms, 2 Bathrooms granite countertops almost 1000 sq ft perfect for the first time home buyer - own it for as little as $100 down and only $225/mo HOLY COW you cant find rent anywhere that cheap. $42,000
 

 
 
2) … (2 comments)

reo: Luxury Windermere Bank Owned Home - REO Real Estate Windermere- Lake Butler Sound - 08/04/10 11:23 AM
 
This stunning luxury bank owned home is located in one of the sought after areas of Windermere and more so off Lake Butler shores in Lake Butler Sound.
 
This house is more then just a home, it's a lifestyle. Lake Butler Sound is nestled on 380 acres of prestine land and plenty of lake frontage. Behind the gates you will find two charming English Gardens and a beautiful dock to watch the stunning sunsets This home once sold for over a million.
 
Be surprised when you drive up, brick paver drive way, covered porch with stately columns, these … (4 comments)

reo: Orlando Foreclosure stats for March 2010 - 03/07/10 03:16 AM
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 February Foreclosure Numbers.
 
Area Number of Homes
Florida 58,865 Bank Owned Homes in the State of Florida
Orange Co 5,367 Bank Owned Homes in Orange County
Seminole Co 1011    Bank Owned Homes in Seminole County
 
These numbers are said to be … (6 comments)

reo: How Your Realtor Could Cost You That House - 01/24/10 09:04 AM
REO or Bank Owned Properties as they are better known are very popular right now with investors and first time home buyers. However this market is a very specialized niche. It's not like writing a deal on a regular resale home and requires a few special skills that you want to make sure your Orlando Realtor has or it could cost you that house.
 
As an REO listing agent I see offers come across my desk all day long from other agents and their eager buyers. Sometimes I just have to shake my head. What was their agent thinking when … (2 comments)

reo: Heathrow Country Estates - Brand New David Weekly - Bank Owned Home - 12/05/09 09:30 AM
Heathrow Country Estates  is Nestled in Lake County, lies the most unique golf community. Featuring exclusive luxury homes, generous amenities, spectacular views of pristine rolling country side, majestic 100 year oaks and space, yes space. 
Home to RedTail, a private 18 hole Golf Club and Pro-Shop, featuring: 
Two Gated Entries A state of the art fitness center, spa and relaxation pool Two Har-Tru red clay tennis courts A grand dining room and veranda, complete with an outdoor fire pit Exceptional gourmet dining and intimate members bar A tree lined children's park A unique 24/7 market café This brand new, never lived … (1 comments)

reo: Bank Owned Properties - Sold in Orlando - Investors and First Time Home Buyers - 11/19/09 11:01 PM
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)

reo: 9 Unit Investment property on the shores of Lake Minneola - 11/18/09 09:17 AM
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)

reo: Bank Owned Luxury Home in Heathrow Country Estates - Never Lived in - 11/04/09 11:58 AM
Bank owned real estate in Heathrow Country Estates. Brand New David Weekly Home Never Lived In. Bank must sell this month come make an offer!!!
(6 comments)

reo: National and Local Foreclosure Stats - 10/27/09 11:40 AM

I am going to try to keep everyone up to date every month on the national and local foreclosure stats.
I think it's an important gauge on where the market is going and where it has been.
 
For the month of October 2009  Information updated on 10/27/09 at 4:27 pm
Nationally 440,858REOs Florida   55,239 REOs
Seminole County  789 REOs
Orange County  4,451 REOs

(2 comments)

reo: What's the difference between a Short Sale and a Bank Owned Home - 05/28/09 04:53 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)

reo: Orlando Home Buyer's have patience when purchasing a home - 05/28/09 02:56 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)

reo: It's Raining Money in Orlando - 03/18/09 02:35 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)

reo: Blue Light Special on Lake Mary Bank Owned Properties - 03/09/09 10:32 AM
As and REO agent I have first hand knowledge how the banks work, how they arrive a their price and what it takes to get an offer accepted by them, yet I still get buyers everyday who contact me stating they want to find a house 40-50% under market value.
Guess what people most likely isnt going to happen and here's why. Banks have the properties appraised whether it's by another agent or an appraiser either way they get fair market value. Based on the condition of the property and the AS-IS terms they will price their property slightly below market, … (0 comments)

reo: Looking to score big on a REO - Bank Owned Property? - 03/08/09 01:00 AM
I specialize in working with first time home buyers in the Orlando area and as an REO listing agent. Often times I am given the bank owned properties weeks before they are actually put on the market. This time allows myself and the bank to get the property ready for the market. I only deal with banks who really are motivated to sell their properties and sell them in the best light.
During the time prior to listing the home on the market I am working on getting the property repaired and cleaned making it show ready. I also get the … (3 comments)

reo: Top Bank Owned Properties in and around Orlando FL - 12/13/08 02:32 PM
Heather's Top Picks
Bank Owned Real Estate Around Orlando, FL
This weeks picks: 12/13/2008

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)

reo: Top Pick of Bank Owned Properties around Orlando, FL - 11/19/08 11:04 AM
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)

 
Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes (LemonTree Realty)

Heather the Realtor Orlando, Lake Mary

First Time Home Buyers, Bank Owned Homes

Orlando, FL

More about me…

LemonTree Realty

Address: 10 n summerlin ave 28, Orlando, FL, 32801

Office: (407) 810-6304

Mobile: (407) 810-6304

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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