Orlando Short Sale, Foreclosure Assistance for Orlando and Surrounding areas

Orlando – Orange county combined short sales for 2009, according to the MLS were 2512 properties, the average price was $165,373, and the days on the market were 165. The highest priced property which sold as a short sale was 11710 LAKE BUTLER BLVD, WINDERMERE, it was listed originally for $8M and sold for $3M, what a great deal. From 2008 to 2009 short sales increased by 1841 units, from 671 in 2008  to 2512 in 2009. While this is a spectacular increase in short sales in 2009, in comparison to the 7451 short sale inventory currently on the market it is a rather small amount and this is where the problem is. Banks are still sitting on the inventory for months, indecision and bureaucratic days in processing them is driving buyers away and property values further down, instead of getting them off their books and maintain property values. A short sale property which is on the market for $125,000 now will be worth less in 2010 and also is keeping the housing inventory up. Orlando short sales are also competing against 2085 bank owned properties and 5083 non distressed properties, so the short sale inventory is 50% of the combined none distressed and bank owned housing inventory. 2010 will not show an improvement in regards to short sales and the overall real estate market will continue to suffer; more distressed homes will come on the market because of the Option ARM mortgages adjusting in 2010, 2011, 2013 which will have a significant impact on the upscale housing market. The highest priced short sale in Orlando is 5539 EMERSON POINTE WAY, ORLANDO, FL, marketed by Mainstreet Realtors a 5700 lakefront property built in 2007 located in the EMERSON POINTE subdivision located in the Bay Hill area of Orlando. If you are in need of short selling your property, I have done over 50 short sales so far, please go to www.1-2-3-foreclosurestopped.com and I can help in the selling of your property.

Seminole county has 2016 short sales on the MLS, an increase of 300 units over August. Short sales are the way to sell a property in today’s declining real estate market where property value move more and more sellers upside down. Here is an update on the Seminole County Real Estate market.  http://www.greaterorlandohomes.com/seminole-county.html. Gitta’s real estate team helps sellers to sell their property as a short sale and has done over 50 short sale transaction.  Here are also some short sale properties which Gitta has closed over the past 2 years www.1-2-3-foreclosurestopped.com . Gitta as 12 great short sales for sale in Seminole County, here is a property fully approved town home short sale in Seminole County and it can be a fast closing, it is located at 2252 LELAND LN, CASSELBERRY, Fl. 32707.  If you want to but any of these short sales go to www.greaterOrlandohomes.com

Orlando foreclosures in 2010 are going to increase according to the HousingPredictor.com, the nation’s #1 online real estate forecasting publication. The Orlando Real Estate market is going to take another 10% decline in 2010 and sellers in going to be further upside down and short sales are going to increase dramatically as an alternative in reducing foreclosures.  The short sale process is supported by the government as lessening the terrible impact bank foreclosures have on housing price declines. Gitta’s real estate team in offering short sale services for the past 2 year and has completed over 50, go to   http://www.greaterorlandohomes.com/stop-foreclosure.html to see if you qualify. Here are also some short sale properties which Gitta has closed over the past 2 years www.1-2-3-foreclosurestopped.com . Gitta as 3 great short sales for sale in Orlando 3210 CHATSWORTH LN, ORLANDO, and 4126 BREAKVIEW DR # 401, ORLANDO. If you want to but any of these short sales go to www.greaterOrlandohomes.com  

 If you are in need to sell your upside down property ( we do not change a fee to the seller - everything is paid by the lender ) facing pre-foreclosure or are in foreclosure, and the loan modification is not working out for you we can help. Here is a website of where we helped sellers to sell their property. http://www.1-2-3-foreclosurestopped.com . If you want to get an update on the Orlando Real Estate Market here the website http://www.greaterorlandohomes.com/orlando.html . If you want some help to get started or want to just inquire about your situation please go to  http://www.greaterorlandohomes.com/stop-foreclosure.html , we are here to help you to move on. If you are a buyer of short sales please visit our http://shortsalemegastore.com or you can contact us direct by calling 407-330-2181 or send us an e-mail at gitts@gitta.com .

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     

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!

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.

Read more

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. 

• www.cflforeclosuremegastore.com
• www.1-2-3-foreclosurestopped.com
• www.shortsalemagastore.com

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:

Read more