short sales
Short Sales in Orlando - What you’ll Need
Tuesday, August 19th, 2008Short Sales in Orlando Florida – What’s Needed?
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 […]
What is a BPO? As it relates to a short sale in Orlando
Thursday, August 7th, 2008
BPO stands for Broker’s Price Opinion. The term Broker’s Price Opinion (BPO) is a method that a Real Estate Broker (or an agent acting on behalf of their employing broker) uses to estimate the value of a Real Estate property/house. The estimate of value is submitted in a BPO report (2-3 pages) that includes local Orlando […]
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 […]
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 Short Sale FAQ’s
Thursday, June 12th, 2008What is a Short Sale?
A short sale is when the lender will accept less than the full amount due on a mortgage when a property is sold. Usually, the lender will accept the short sale to avoid the time and expense of a foreclosure. Financially the lender is actually ahead after a short sale.
What is […]