Where did all the Orlando REO inventory go? That's a good question. We are hearing about shadow inventory again and high numbers of foreclosures being in filed with the court house but where's the inventory.
Did you know as of right now there is only 1 - yes 1 REO Bank onwed home in downtown orlando actively on the market right now?
Did you know in Orange county there is only 331 there is a total of 5,363 on the market in Orange county meaning less then 10% of the inventory are bank owned homes.
Remember during these times the best properties will move quickly and often times go over asking as there are many people fighting for these good homes. To find the steals and deals you must be willing to go for the undesirable, the homes that have been sitting and need some help.
For now our market has turned, how long will it last we dont know.