foreclosure: Current Foreclosure Inventory Down 19.5% From Last Year - 02/04/13 03:29 AM
While housing inventory has been recorded down throughout the nation, of particular note is that foreclosures, which have been one of the most notably high inventories in the last few years, has had a precipitous fall from a year ago.
The National Foreclosure Report, published by Corelogic, states that the total foreclosure inventory fell by 19.5 percent last December from 1.5 million homes in 2011 to 1.2 million. In month-to-month numbers, foreclosure inventory was down 4.2 percent from November, and only accounted for 3 percent of total home inventory.
The total number of completed foreclosures also fell by 21 percent over the year, … (0 comments)

foreclosure: Buyer Beware at Auction - 10/04/12 02:27 AM
We’ve all heard the saying, “If it sounds too good to be true, it probably is.”Whoever coined that phrase probably attended their fair share of foreclosure auctions.The Orlando Sentinel published an interesting article chronicling the painful lessons a couple experienced when participating in a recent auction. They had “won” the auction and received a home for $16,000 in cash. What they weren’t aware of was their winnings also included a hefty $250,000 mortgage.It is an unfortunately common scenario. First-time auctioneers or those inexperienced with the process buy out an HOA foreclosure, not knowing that a much larger bank foreclosure is looming … (0 comments)

foreclosure: Florida is Third Highest Foreclosure State - 08/17/12 12:46 AM
Despite decreasing numbers of late mortgage payments across the nation, there are several areas in the country where foreclosures are still occurring with record numbers.RealtyTrac reported that July was the third month in a row where figures showed an increase of foreclosure rates. This has been an unfortunate reversal in what had been up till then a year of steady decreases.In particular, foreclosures seem to be happening in several key markets throughout the United States. Florida claimed the number three spot in states with the highest foreclosure rates, averaging about one in every 352 housing units. Only Arizona, with one in … (0 comments)

foreclosure: Michael Kara- Kara Homes & Associates in Orlando - 04/08/11 03:56 AM
Let Michael Kara's Short Sale Experience Help You!
The experienced team of Michael Kara, Kara Homes & Associates located in Orlando, Florida helped a property investor purchase this property at foreclosure auction without a hitch. Kara Homes Construction, a partner company of Kara Homes & Associates, helped the property owner with remodel and minor construction after the property was purchased at the foreclosure auction. The property owner also received assistance with the sale procedures of listing the property in the regular real estate market for profit. This property is a classic example of Kara Home’s excellent services. The property was sold … (0 comments)

 
Michael Kara, Central Florida Short Sale Expert (RE/MAX Exclusive Collection)

Michael Kara

Central Florida Short Sale Expert

Orlando, FL

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RE/MAX Exclusive Collection

Address: 3107 Edgewater Drive #1, Orlando, FL, 32804

Office: (407) 447-2829

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RE/MAX Exclusive Collection is a boutique real estate office located in College Park in Orlando Florida. Michael Kara, broker, has over 15 years of experience and closes more pro-consumer short sales than any other Realtor in Orlando.


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