Orlando Short Sale, Foreclosure Assistance for Orlando and Surrounding areas

 Orlando short sales, why do they move so slow. Maybe you have never seen this video. This is insane, you have to show this to everyone.

http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1080613

Why are short sales so slow, this video will exlain a lot.

 When I sold this short sale condo, a 2 bedroom 2 bath, 975 SQF  unit at 12544 FLORIDAYS RESORT DR # 211 located in  Orlando, on 10-07-2008 for the  price of $210,000 , everyone though this was a great deal.

 After all prices at the time were much higher and there were many short sales available, no bank owned properties. The average sold price for each condo at the  Floriday Resort ended up at $236,000 for 2008. However, banks reacted so slow to these short sales and decided to take many of them into foreclosure. Instead of accepting a higher short sale offer, they preferred raking up thousand of additional expenses in legal fees and selling them as a bank owned asset at a much later date, and therefore, the average price of all sold condos in FLORIDAYS RESORT for 2009 ended up at $160,878. That is a 31% drop in value, I wonder how many short sale  offers there were at a much higher price only to be denied, and were sold as bank owned assets at a much lower price. We are still facing the short sale dilemma today, waiting and delaying but hopefully somebody is waking up soon to stop this erosion on values. A bird in the hand is better than 2 in the bush, like they say.    

Ready to short sell your personal home or an investment property or buy a short sale; please reach out to your partner in Gitta at www.greaterOrlandohomes.com

.  We’re waiting right here in Orlando for your call at 407-330-2181

This short sale condo, 1247 sqf. 3 bedroom 2 bath fully furnished is looking for an owner.

1.  4126 BREAKVIEW DR # 301, ORLANDO - $99,000

2.  4126 BREAKVIEW DR # 401, ORLANDO -$99,000

Located in the “The Isles at Cay Commons” close to Disney. These are never lived in units on the 2^nd and 3^rd floor in this great gated community.

Family Room

Main Building

Entrance

Ready to short sell your personal home or an investment property or buy a short sale; please reach out to your partner in Gitta at www.greaterOrlandohomes.com

.  We’re waiting right here in Orlando for your call at 407-330-2181

15 more short sale properties came on the market today in Orlando. The average price of new short sale properties today was $152,000. 5 were condo short sales and 9 were single family home short sales. The short sales were listed in some of the following subdivisions,

• Hunter Creek

• Signal Hill

• Sanctuary at Bay Hills Condo

• Signal Hill, Hunter Creek

• Vista Legs Village

Ready to short sell your personal home or an investment property or buy a short sale; please reach out to your partner in Gitta at www.greaterOrlandohomes.com .  We’re waiting right here in Orlando for your call at 407-330-2181 

  “I have a, well personal,  question.” That’s how the conversation starts out from a growing number of Orlando property owners who contact Gitta’s Real Estate Team.  That “personal” question is usually about how they should proceed when they can no longer afford to keep up with a mortgage.  As we start to talk, the question becomes more specific.  It concerns three options. “Here in Orlando, should I just walk away, do a foreclosure, or short sell?” First of all, we at Gitta say we’re sorry anyone has to face this kind of decision.  Secondly, we say we aren’t legal experts or accountants.  Third, we share our experience with these options.   Overall, for those whose mortgage obligations have been impossible and cash flow dwindling, an Orlando short sale might be the superior option.  Here are some of the reasons:

 Ø      If you use a reputable real estate representative such as Gitta, you have an advocate.  We take on the job of negotiation, demonstrating your inability to pay, showing that the value of the property is significantly less than the outstanding mortgage, request forgiveness of the debt, and find an appropriate buyer at the appropriate price.  You are not alone.  Gitta is your partner in Orlando real estate.

  Ø      There are now laws and procedures and more emerging which help short sales be processed faster.   Ø      Every party in the loop, ranging from the bank to the Orlando community to you, can be a winner.

What are the steps you should consider?  Research this option on the Internet and with your lawyer and account.  It’s a major step. 

Contact us for the list of basic documents.  If you are unemployed or self-employed, you will also need that documentation.  Be prepared to wait for a decision.  No, there is no guarantee you will be able to transact a short sale.  And, please reach out to your partner at Gitta at www.greaterOrlandohomes.com

.  We’re waiting right here in Orlando for your call at 407-330-2181