About Orlando's Avalon Park

Want to know what’s selling in your neighborhood? These statistics should give you a feel for the market value of your house.

Keep in mind that many of these sales are for Short Sales or Foreclosed/Bank-Owned properties. Under these situations, the Sold Price may be considerably below the Original List Price. Sorry to say, ‘distressed’ sales drag down the values of all the other homes in the neighborhood, whether or not they’re Short Sales or Foreclosures.

Street	Date Sold	Original List Price	Sold Price	Beds	Baths	Sq Ft	Pool
BELLA VIDA	10/23/09	$304,050	$310,040	5	4	3380	N
MONTESINO	10/26/09	$238,740	$247,370	4	2	2892	N
MONTESINO	10/22/09	$235,080	$247,520	5	3	2645	N
BELLA VIDA	10/16/09	$232,710	$230,000	4	2	2645	N
MONTESINO	10/29/09	$219,900	$225,000	4	2	2880	N

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

If you’re a homeowner who wants to sell your house, the following should give you a better understanding of the Orlando FL real estate marketplace.

Remember the old adage that ‘real estate is always local’. Your neighborhood may be different from the neighborhood just down the road.

Homes in Orlando are selling. In fact, they’re selling so well that thousands of homeowners just like you are moving out and moving on. Last year, 1,000 homes in Orange & Seminole counties sold every month on average. In 2009, monthly sales are averaging 1,600 homes. This represents a 60% increase! If the house down the street can sell in this difficult environment, so can yours.

What’s the long-term outlook for the Orlando FL real estate market? Prices have leveled off in recent months. Even so, due to rising unemployment and foreclosure/short sale saturation, it will probably take several years — perhaps as long as a decade or more — for home prices to completely recover.

What about homeowners who are having difficulty keeping up with mortgage payments but can’t sell because their house is worth less than the amount owed on their loan? There are several solutions, but the way a Realtor^® can help is by selling the house as a Short Sale.

Avalon Park Real Estate is a great community for a family or an individual that is looking for a unique area that is abundant with parks, hiking trails and bike trails. Situated in Orange County, Florida, east of Alafaya Trail and South of Highway 50, this subdivision is just minutes away from all the downtown Orlando nightlife and action. Avalon Park is located within a quaint, charming town center with a large supermarket, wine bar, banking center, shops and excellent restaurants.

Sitting on 1,860 acres of land, it had two large commercial pools lined with stylish cabanas. There are two elementary schools, one middle school and a high school in the area. Presently, about 2,700 single family homes and town homes are within Avalon Park; some with over 2,000 square feet. Additionally, charming bungalows can also be found within the community, with plans to add apartments and condos. If you prefer living near your work, you can conveniently open your own business and live upstairs over your retail space. Taking a leisurely stroll through Avalon Park will have you feeling right at home!

The Schools zoned for Avalon Park are as follow Stone Lake Elementary, Avalon Middle School, and Timber Creek High school.

Avalon Park is located off Alafaya Trail and south Avalon Park. Just 8 minutes from 408 expressway and 20 minutes to Downtown Orlando.

AVALON PARK ORLANDO, FL MLS LISTINGS

• Location: Off Alafaya Trail and South Avalon Park Blvd in Orlando, Florida
• Property Type: Single Family Homes And Townhomes
• Amenities: Tennis Courts, Community Pool, and Playground
• Density: 2,700 Home Sites

To see all of the Avalon Park homes for sale You can visit Avalon Park Homes for Sale or visit our communities page and learn about the best communities around Central Florida.

Handy links and contact phone numbers for relief from Foreclosure, taxation on Debt Forgiveness, and other financial maladies.

Where do I turn for Debt Counseling?

National Foundation for Credit Counseling

http://www.nfcc.org/

The NFCC promotes the national agenda for financially responsible behavior and builds capacity for its members to deliver the highest quality financial education and counseling services. Call 1-800-388-2227 to speak to a counselor near you. Para ayuda en Español Ilama al 1-800-682-9832.

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Where do I turn when I am being harassed by collection agencies?

Fair Debt Collection Practices Act

http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre27.pdf

As a public service, the staff of the Federal Trade Commission (FTC) has prepared the following complete text of the Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. §§ 1692-1692p.

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Where do I turn for HELP regarding my home?

Housing Help Now!

http://www.housinghelpnow.org/

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What programs exist to help ME the Homeowner?

US Department of Housing and Urban Development

http://www.hud.gov/

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I have good credit! Can't I refinance?

FHA Secure Loans

FHASecureLoans.com

The program would allow homeowners who have good credit histories but who can't afford their increased mortgage payments to refinance into mortgages insured by the FHA.

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Aren't there any laws to HELP struggling homeowners?

Housing and Economic Recovery Act of 2008

The program offers government insurance to lenders who voluntarily reduce mortgages for at-risk homeowners to at least 90% of the property's current value.

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HELP! I'm late, I have a hardship, but not broke or bankrupt.

Home Affordable Modification Program

http://www.freddiemac.com/singlefamily/service/mha_modification.html

The Home Affordable Modification program is a loan modification program designed to reduce at-risk borrowers' monthly mortgage payments.

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OK! Foreclosure is imminent. NOW WHAT?!

Understanding Foreclosure

http://www.credit.com/life_stages/overcoming/Understanding-Foreclosure.jsp

'Foreclosure' is a legal process that permits a creditor (a lender or mortgage holder) to repossess or sell real property, like a condo, a home, or land, for the purpose of repaying the debt owed on that property. Mortgage holders are permitted to foreclose on property anytime after the borrower defaults on the mortgage, unless otherwise set out in the mortgage or in the laws of the state where the property is located

Call me if you have any questions: 407-222-4545

Mike Luzzo

According to Fiserv, a financial information and analysis firm, prices for homes in Orlando FL will drop 27% by June 2010, followed by a less severe drop in 2011.

This is on top of the already 35-50% drop the area has experienced since 2007.

Can Orlando homeowners survive another punch to the midsection?

Since the housing crash is already affecting homeowners who purchased since 2003/4, does this mean home prices will plummet to pre-2001 levels?

Will our market be able to absorb even more foreclosures and short sales than it’s already handling?

Will there be enough buyers to go around, especially when Orlando unemployment is over 11% and climbing higher?

Finally, how many more homeowners will be trapped in their houses, probably for a decade or more?

This brings to mind an amendment that failed to pass last April. Attached to Title V—PREVENTION OF MORTGAGE FORECLOSURES, Subtitle A—Modification of Residential Mortgages, the amendment would have allowed bankruptcy judges to modify mortgage loans. It failed in the Senate 45-51 vote even though the House voted for passage 234-191.

Said Sen. Richard Durbin (D-IL) at the time (4/30/09):

While I’m disappointed with the outcome of today’s vote, I’ll continue to bring this issue to the floor until the Senate decides to put the interests of homeowners above the interests of bankers. When I first proposed this legislation two years ago, nearly 2 million homeowners were at risk of losing their homes. Today, that number has skyrocketed to over 8 million homes, with nearly 1 in 6 mortgages in America on the verge of foreclosure.