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. 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 accurate as of 3/7/10 12:13 pm My predictions were right the foreclosure numbers are on the rise and up across the board from February and are just shy of being up nearly 50% from January in Seminole County alone as I had predicted and by the end of the month I think we will hit that number.
Area Number of Homes
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John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs
It is great to know what is happening in our market-it seems we have more and more REO properties hitting the market. Thanks for the update.
Mar 07, 2010 03:22 AM
Tampa, FL
Please see my client recommendations.
Incredible numbers! That blows my mind. We have 35 bank owned properties in my entire market area!
Mar 07, 2010 04:49 AM
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC
Heather
Thanks for sharing the Orlando foreclosure information.
Good luck and success.
Lou Ludwig
Mar 07, 2010 05:21 AM
Charlottesville Solutions - Charlottesville, VA
Love the sign!
very cool post and idea
your friend in Charlottesville Virginia!
Mar 07, 2010 06:08 AM
Selley Group Real Estate, LLC - Colorado Springs, CO
Colorado Springs Realtor
REO properties will be an integral part of everyone's market! Glad to see your insights about this...What happens to dipping credit scores among our population? How do they get back into homes? I have great concerns about this...Cherise
Mar 07, 2010 09:43 AM
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F
All the moratoriums and government interventions are just prolonging the inevitable. All these foreclosures have to work their way through the system before the real estate market can turn around. Hopefully the interventions will keep a reasonable amount of people in their homes for the long-term, but somehow I am doubting that. I guess it could be worse, the market could be flooded with even more REO properties.
Mar 10, 2010 05:27 AM
Rainmaker
300,730
300,730
Heather the Realtor Orlando, Lake Mary
First Time Home Buyers, Bank Owned Homes
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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.
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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