Archive for April, 2009
Featured Lake Mary Short Sale
926 Kersfield Circle, Heathrow
Located in Seminole County, this beautifully landscaped 4 bed/2 bath home features 2,250 square feet of heated living space, an in-ground swimming pool, a great screened-in patio and porch for entertaining, and a two-car attached garage. Also included are a delightful breakfast room, a seperate formal dining room, separate kitchen and family room combo, living/dining room combo and split bedroom layout.
Located on a beautiful lake-side setting in Keenwicke, this Lake Mary short sale has been listed at just $310,000.
Buyers - For more information on this or many other Orlando short sale properties, please contact Gitta Urbainczyk at 407-330-2181 today, or email gitta@gitta.com.
Sellers - Gitta Urbainczyk is a leading expert in short sale and foreclosure solutions for central Florida and the Greater Orlando real estate market. Get a confidential review of your options and the many services that Gitta’s team can provide to help you today. Call 407-330-2181 or email gitta@gitta.com now!
No commentsOrlando Short Sale Expert
Gitta Urbainczyk (P.A., E-Pro, RECS, CLHMS, Broker Associate)
Orlando is getting hit with an amazing amount of home foreclosures and more
and more people are falling behind in payments. The reasons are many. The
bottom line is that we are on the downslide of the real estate bubble.
Over the next two to three years, circumstances will be tough for many
people. The ripple effects of the real estate bubble are going to affect
many and adjustable rate mortgages are going to be the Achilles heel. I
don’t think there are too many solutions to the mortgage and real estate
crises hitting the country, short of interest rates going back to a 1%
level. This, plus allowing the entire real estate bubble to erect itself
out of the ashes, is perhaps the only solution. Unfortunately, I know this
is not going to happen. In the meantime, we need to deal with the millions
of home owners facing foreclosure. When you have missed the first payment or
you are about to be unable to make your next payment, actions need to be
taken to avoid foreclosure. There are some potential remedies. Your goal is
to avoid foreclosure and/or a foreclosure showing up on your credit. First
of all, here are three things you should never do.
Orlando Short Sale Market Report
It has been quite awhile since I have given a real estate update and my main
reason was the deteriorating real estate situation around the country did
not need my negative outlook on the Orlando real estate market. I am sure
you are reading the paper was well as I do and I am sure you are seeing the
action the government is taking to add additional debt to our already
bloated national burden without getting anywhere. My team has been
successful in helping many sellers in selling their homes prior to
foreclosure and I think selling homes prior to foreclosure in a short sale
process the absolute best way to go, however, banks have been incredible
slow to react to contracts and they wait until the neighborhood prices have
dropped even more. If the TARP funds would be used to fund the difference
between what is owed and what the net amount of the offer is and speed up
the process, this would stabilize the market significantly and get things
moving.
In fact, if you are interested in helping the country and want to see things
move in the right direction, please write to your representatives. I have
sent a letter to the governor to point out this travesty and hopefully with
your help in writing as well we can get the real estate market moving again.
- Read the letter that we wrote:
