Orlando Foreclosure stats for March 2010

By
Real Estate Broker/Owner with LemonTree Realty

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.

 

Orlando Foreclosure PropertiesArea 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 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.


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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

 

Comments (6)

Pat Champion
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
Maya Thomas, Broker
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
Lou Ludwig
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 Solutions - Charlottesville, VA

Love the sign!

very cool post and idea

 

your friend in Charlottesville Virginia!

Mar 07, 2010 06:08 AM
Cherise Selley
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
Rob Arnold
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