Archive for July, 2008
Ten Things to Expect on Your Way To Your Orlando Fl. Short Sale
Wednesday, July 30th, 2008
The bank is going to what to see your entire financial picture. This means you will need to provide copy of back taxes, paycheck stubs, bank statements, personal financial statement, etc. They will want to know what all your assets are.
The bank may want you to sign a promissory note for the difference, now […]
Orlando Florida Real Estate Market - Now’s the Time to Buy says CNBC’s Jim Cramer
Saturday, July 26th, 2008Last year at this time Jim Cramer from CNBC was very negative about the economy and the housing market. Two days ago he appeared on the Regis and Kelly show, of all things, and he is completely the opposite. He now thinks this is the best time to buy a house in Florida before the bottom is […]
Orlando’s existing housing market shows improving conditions in June 2008
Thursday, July 24th, 2008
In the Orlando Metro area last month there was a total of 1,641 homes sold in June compared to 1,595 homes a year ago for a 3 percent increase. The existing home median sales price was $219,500; a year ago, it was $258,100 for a 15 percent decrease. A total of 172 existing condos sold […]
Buying a Short Sale in Orlando - What you should know
Tuesday, July 22nd, 2008I currently have 10 properties Listed for sale and 6 of them are short sales. I am finding that nearly 25% of the market right now in the Orlando, Windermere, Winter Garden Florida area is either a short sale property, a foreclosure property or Bank owned property. Buyers in Orlando can find a good home […]
Short Sales in Orlando Florida – What’s Needed?
Monday, July 21st, 2008
When you go through the short sale process your lender will require certain documentation. Remember, the lender does not want to take the home back through foreclosure. That is a last resort for both the homeowner and the lender. The lender would rather accept a short sale as long as the borrower can show an […]
Orlando Financing Solutions
Monday, July 14th, 2008
For first-time buyers, often the first thought that comes to mind is, “I need a down payment.” This is often followed by the question, “Now, where do I get that down payment?”
Depending upon the loan type, a home mortgage typically requires 3 to 5 percent down. If you have the money, then you’re set. But […]
Orlando Fl. Real Estate Outlook: Inflation and Mortgage Rates
Tuesday, July 1st, 2008
The national economy keeps plodding along, but even that slow pace is better than what the experts predicted last year — that we’d be knee-deep into a serious recession by now.
Well, we’re not. And top forecast economists like the Mortgage Bankers Association’s Orawin Velz say there’s a good possibility we’ll avoid a significant recession this […]