While foreclosures can present a great opportunity to homebuyers and investors, it is also a very distressing and emotional situation for homeowners and sellers.
Homebuyers and Investors
The current Orlando Real Estate market provides a great opportunity to obtain excellent prices on distressed homes through Orlando Foreclosures. While you have a great chance to buy an Orlando Foreclosure property at prices below current value, the process can be daunting and lengthy. In a pre-foreclosure or short sale situation you are still dealing with the homeowner, in a foreclosure you deal with the bank or lender. Orlando Foreclosures can be obtained through auctions or as an REO through a real estate agent. REOs (Real Estate Owned) are properties that have not been sold at auction and are now in the possession of the lender, who is usually eager to sell them quickly. Do keep in mind that these properties are sold “as-is” and chances are they may need extensive repairs.
Homeowners and Sellers
If you find yourself facing foreclosure or a short sale situation, you’re not alone. There are many options available to you. We have extensive experience listing and negotiating short sales.
If you’d like to discuss your particular situation, please do not hesitate to contact us. We’re here to help!