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 Villas at Reunion Square, Condos 

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Orlando Short Sales Explained

A short sale is an arrangement with your lender whereby they will allow you to sell the property for less than the amount of the current mortgage.

You are unfortunately what lender's call "upside down."

Let's take this example: you bought the house last year for $500,000, and foolishly took advantage of the mortgage broker's sales pitch and obtained a 100 percent loan. Now, the house will probably only sell for $475,000, and you lost your job and cannot afford to continue with the monthly mortgage payments.

Why would a lender permit this? First, you should understand that not all lenders will allow a short sale. Their decision depends on a number of factors: where is your house? how much loss will the lender suffer? What is the possibility that a speculator/investor will buy at a foreclosure sale?

Lenders have their own requirements, so I can only provide general information; you will have to consult your specific lender to determine what they need in order to move forward with the short sale process.

The short sale process works, but is complicated, time-consuming and uncertain. If you can start now -- before you are actually in default -- you will be ahead of the game. Complete Story

Source: RealtyTimes - Benny L. Kass

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An Orlando Relocation Specialist makes for an easy relocation -

Orlando Relocation Services - Orlando Buyers Agents

For those looking to relocate to Orlando, you will appreciate our relocation services. All our Orlando real estate agents are experienced full time realtors that live locally and can guide you thru the entire relocation process. Find the perfect Orlando neighborhood or community you've been dreaming about. Customize your Orlando real estate search using our FREE HOUSE-HUNTING SYSTEM, and quickly find the perfect Orlando neighborhoods for your family, your investment and more.

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Orlando New Home Buyer 

The time might be right to take plunge

First-time homebuyers squeezed out of the market by the 2004-06 housing-price surge may want to consider taking the plunge now.

Prices are down and still falling, interest rates are low and stable, and a huge inventory of houses and condominiums is for sale -- a mix that should spark more sales by year's end, Realtors say.

But some buyers are still reluctant. Stunned by the subprime-lending debacle, banks and thrifts want higher credit scores and bigger down payments.

But those rules aren't any tougher than those in place before the housing boom. Realtors, lenders and credit counselors say there are more options and loan money available now. complete story

Source: Jerry W. Jackson | OrlandoSentinel.com

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Buying Orlando Area Bank Foreclosures - Distress Sales

Distress Sales resulting from bank foreclosures often represent a great way to get a fantastic deal on a home. It's not easy for the average homeowner to find these deals, because you have to keep scouring the paper to see when one comes up.

If you're the type of person who recognizes what a great deal some of these properties could represent, you will be interested to know about a new free computerized service which automatically searches out and downloads a current list of all such properties day in and day out. When you receive this free, no obligation service, you're automatically plugged in to the most current list of Foreclosure Properties on the market, in the price range and area that interests you. This FREE service every week will save you a lot of research and running around.

Here's how it works. Every week, you will receive a FREE computerized report listing the current Foreclosure properties in your desired price range and location. There is no cost for this information, and absolutely no obligation. This insider information, sent to you in an incredibly simple and efficient format, will give you a huge advantage over other buyers in the marketplace.  Foreclosure Listings sign-up

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Home builders see an uptick despite cloudy economy

A number of home builders in the Orlando area are beginning to report an uptick in sales as a result of lower interest rates and a leveling of new-home prices, coupled with ongoing promotional deals...

...The weak dollar means a more favorable exchange rate, making Central Florida properties more appealing to European buyers. The European markets have "growing economies and affluent buyers for whom a second home or vacation home in Florida is a lifelong dream," Soderstrom said...  complete story

Source: Orlando Sentinal - Jerry W. Jackson

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10 Best Places for House Bargins - Orlando Florida

ORLANDO, Fla. – Feb. 12, 2008 – The best place to get a bargain on a home is an area where there is healthy job growth and more houses available than people to buy them.

These are markets “where you have high inventories but pliable borrowers, with lenders willing to deal,” says Anthony Sanders, a professor of finance at Arizona State University.

Forbes magazine went looking for markets where the damage from risky lending hasn’t been as dramatic as in some parts of the country and where employment growth will burn off an over-abundance of inventory quickly. complete story

3. Orlando, Fla. This part of the state had fewer speculators than Miami and Tampa, and it’s adding jobs faster than those cities as well.

Source: Florida Association of Realtors

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Population growth and a diversifying economy strengthen the prospects for future development, according to a new report.

Orlando -   Strongest  Residential  Real  Estate Market  in  Florida 

The 2008 Fund Real Estate Forecast, commissioned by Florida-based
Attorneys' Title Insurance Fund's Consumer Education Campaign, was created by economist Hank Fishkind, Ph.D. of Fishkind & Associates, Inc., using The Fund's extensive online system of deed data for more than 30 Florida counties. The report provides a snapshot of the national economic outlook and 33 county-specific forecasts for 2008 through 2010, as well as a section detailing how actual 2007 data compared to projections that were made in last year's Fund 2007 Real Estate Forecast report.

   "Florida is one of the leading states for job creation and outperformed the rest of the country despite the housing market  meltdown," stated Fishkind. "The state's population growth also slowed, but is still nearly greater than all of the other Southeastern states put together. Florida has a very large and powerful economy that has gone through a cyclical downshift, but it is still outperforming compared to the rest of the nation."

   The Fund's 2008 Real Estate Forecast shows that Orlando continues to be the strongest residential real estate market in the state because of its large share of fast-growing industries, such as tourism, healthcare, education and defense manufacturing.

Orlando Real Estate  Orlando Real Estate Market Information

Florida & Orlando still rank as most desirable places to live

Florida continues to be one of the most desirable places to live in the U.S. Second only to California in 2007, Florida has remained one the top 3 states since this Harris Poll began. Orlando and Miami were named among the top cities where people would choose to live. Harris Interactive, September 2007) 

Florida's state park system  is one of the largest in the country with 161 parks spanning more than 700,000 acres and 100 miles of beaches.

Easy access to the beach seems to be a key factor in deciding which state people would choose to live. According to a new Harris Poll, California remains number 1 this year, followed by Florida, which moved up from number three and Hawaii, which has dropped from number two. Florida has been in the top three ever since this question was first asked in 1997. When it comes to which city people would live in, New York City comes in as number one for the ninth time (out of the last 10 opportunities), San Diego, CA moves up one spot to second and Seattle, WA also moves up one place to be the third most popular city.

These are some of the results of The Harris Poll^®, a nationwide survey of 2,694 adults conducted online between August 7 and 13, 2007 by Harris Interactive^®.

The next most popular states in which people would like to live are: North Carolina (#4, remaining the same as last year); Colorado (#5, moving up from #7); Texas (#6, dropping from #5); New York (#7, moving up from #8); Arizona (#8, moving up from #9); and Oregon (#9, moving up from #10). Three states are tied for the tenth spot on this list: Washington (was #6 last year); Tennessee (was #11 last year) and Virginia (was #12 last year).

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Milken Institute / Greenstreet Partners Best Performing Cities 2007
September 2007
Ross DeVol, Armen Bedroussian, and Soojung Kim

For the third consecutive year, Florida metropolitan areas scored high on the Milken Institute / Greenstreet Partners 2007 Best Performing Cities Index, taking three of the top six spots – including this year’s top-ranked metro, Ocala.

But their hold on the Index loosened slightly as other cities rose in the annual ranking of where America’s jobs are being created and sustained. Nationwide trends influenced many regional shifts, including a rebound in the tech sector (boosting metros in the San Francisco Bay Area, Salt Lake City, Utah and Dallas-Plano-Irving, Texas), increasing global trade (pushing Wilmington, North Carolina to 2nd place) and even the effects of migration as a result of Hurricane Katrina (particularly Lafayette and Baton Rouge, Louisiana).

The top 10 performers (with its last ranking, in 2005, in parentheses) of the 200 largest metros:

1. Ocala, Florida (13)
2. Wilmington, North Carolina (59)
3. Riverside-San Bernardino-Ontario, California (10)
4. Phoenix-Mesa-Scottsdale, Arizona (15)
5. Orlando-Kissimmee, Florida (6)
6. Naples-Marco Island, Florida (3)
7. McAllen-Edinburg-Mission, Texas (7)
8. Provo-Orem, Utah (23)
9. Las Vegas-Paradise, Nevada (11)
10. Raleigh-Cary, North Carolina (45)

Biggest Movers: The biggest mover from last year is Lafayette, Louisiana, which jumped up 119 places (143rd to 24th) due to a post-Hurricane Katrina population influx. Portland-South Portland-Biddeford, Maine, which fell 115 spots (from 42nd to 157th), is experiencing the early impacts of the base realignment and closure of the Naval Air Station in Brunswick.

The lowest performers on this year’s Index once again come from the industrial Midwest. Nine of the bottom 10 performers on the 200 largest cities ranking are from this area, including the lowest ranked metro, Lansing-East Lansing, Michigan.

About the Best Performing Cities Index: The Index ranks U.S. metros based on their ability to create and sustain jobs. It includes both long-term (five years) and short-term (one year) measurements of employment and salary growth. There are also four measurements of technology output growth, which are included because of technology’s crucial role in regional economic growth. This year’s Index was sponsored by Greenstreet Real Estate Partners.

It's official, America Loves Orlando

The latest 2007 Harris poll shows Orlando is #6 among cities people across the country would most like to move to. That's up from #14 a year ago, and marks the biggest positive jump for any city in the survey!  And Florida ,  is ranked #2 among states people living elsewhere would most like to move to.

FOR IMMEDIATE RELEASE

www.OrlandoRealtyExperts.com

New Orlando Real Estate Agent Website Launched, 8/15/2007 - We are proud to announce the launch of our new state of the art Real Estate Services Web site today. The new site is powered by a la mode, inc. net.X technology, which integrates and leverages a range of desktop and Internet applications and data sources to extend the network to better serve our clients.

This new site provides streamlined services for existing as well as potential new clients, while also providing our staff with technology integration that allows us to be more effective in our daily operations. Not only can clients view our listings, but they can also search for a home or get pre-qualified for a mortgage and much more. The new site also provides rich multi-media content for potential new clients, showing them the benefits of hiring a professional Agent in an engaging, highly professional presentation format that will create new demand for our services. Going forward, the underlying a la mode net.X platform of our new site means that we are automatically going to be adding features and capabilities to meet our changing business requirements and keep up with the technology curve in Real Estate. We are a full service Real Estate Services firm and a recognized leader in the Orlando local market. Our firm combines a focus on customer service with the utilization of technology to provide clients with the highest quality and fastest turnaround times in the market.

For additional information and services provided: About Us, Orlando Realty Experts

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