Orlando Short Sale, Foreclosure Assistance for Orlando and Surrounding areas

Windermere Florida the home of Tigar Woods and the Isleworth subdivision for the “Rich and Famous” offers some great luxury home deals not available were it not for the real estate down turn says Gitta Urbainczyk, P.A., E-Pro, CLHMS, and Guild member of the Institute of Luxury Home Marketing and member of the The Luxury Broker network. Luxury homes are offered at prices never heard off before and it affects most of the subdivisions in Windermere such as, Chaine Du Lac a 12,973 sqf home being offered for short sale for $5.9M after being reduced from $7.5M, Reserve AT Butler Sound, a 6994 sqf. home is being offered at $3.590M after being reduced from $3.790M. These are just a few short sales being offered. There are currently 223 short sales in Windermere, if you like to buy one of these short sale in Windermere and or need to short sell your luxury home call Gitta direct at 407-330-2181. Here is also a direct access the Windermere MLS Orlando Real Estate - Click here to access the Windermere MLS  or you can call Gitta direct by calling 407-330-2181 or send an e-mail at Gitta@gitta.com

 Florida and indeed Orlando is  facing an epidemic of foreclosures caused by the real estate bubble and now unemployment and over the next 2 years things will not get any better with the resetting of Option ARM’s . Options ARM’s are mortgages which basically work like a credit card and people could make up to 4 kinds of different payments, such as a minimal maintenance payment, an interest only payment, a pre-payment and a full amortizing payment. With most people making the minimum maintenance payment all these mortgages are up-side down and the default rate is very high. Gitta specializes in helping sellers to get out from  under these mortgages by short selling the home. Over the past 2 years I have helped many home owners, here are some of them www.1-2-3-foreclosurestopped.com . The reason a seller is doing a short sale verses letting the home go into foreclosure  is

1.  helps the credit score

2. You can buy a home again within the next 3 years, 

3. It provides for a negotiated settlement,

4. It preserves higher home values compared to a foreclosure

5. It reduces the foreclosure impact on neighborhoods. 

There are many benefits to do a short sale verses a foreclosure and Gitta Urbainczyk P.A. is a real estate professional and not a CPA and an attorney, and you should check with your CPA and attorney before you do a short sale. Gitta Urbainczyk P.A. is a 22 year veteran real estate agent, a short sale specialist, with Keller Williams Heritage Realty located at 100 Waymont Ct. #110 in Lake Mary, Fl or you can call her at 407-330-2181 or the  e-mail is Gitta@gitta.com. Let me and my team help you in the short sale of your home.

Orlando short sales are continuing to increase in volume and currently there are 5931 homes, condos and or townhomes in short sale position in Orlando. 539 were listed over the past 30 days and we can expect this number to increase. Short sales compared to REO’s area a better way to maintain property values, maintain neighborhoods and keep foreclosures contained says Gitta Urbainczyk Certified short sale specialist who has handled about 50 short sales over the past 2 years.  3287 are single family homes and the average price $174,541, the highest priced short sale is  5539 EMERSON POINTE WAY, ORLANDO, Fl. 32819 located in the EMERSON POINTE subdivision listed by Main Street Realtors.  There are 2644 condos or townhomes in short sale position, the average price is $85,608 and the average day on the market it 145 days. The highest priced condo is 8761 THE ESPLANADE # 29, ORLANDO, Fl. 32836 it is located in the VIZCAYA HEIGHTS subdivision, it has been listed by Remax/ Town Center for 492 days. It is a lakefront condo located on the Big Sand Lake. If you are ready to buy a short sale here is the direct MLS link for Orlando short sales. Orlando Real Estate Click here to search short sales on the Orlando MLS