I am going to try to keep everyone up to date every month on the national and local foreclosure stats.
I think it's an important gauge on where the market is going and where it has been.
For the month of October 2009 Information updated on 10/27/09 at 4:27 pm
Florida 55,239 REOs Seminole County 789 REOs Orange County 4,451 REOsNationally 440,858REOs
Orlando REO Bundle for sale that includes over 40 properties for under $3.5 million. If you are looking for a deal here in Orlando, FL then look no further then this perfect bundle.
Wake up and smell the coffee, your opportunity is knocking and wont be around long. Bank wants to sell these assets in 30 days or less!!!
Properties ranging from condos to million dollar homes from fixer uppers to brand new construction from the builder. From Lake Mary to Orlando and East Orlando to Sorrento. A large number of assets in this REO/Bank Owned bundle are in gated communities.
If you are interested in purchasing this bundle of REO properties here in Central Florida contact me for this private package.
Heather Joubran 407-810-6304 Heather@HeatherTheRealtor.com www.HeatherTheRealtor.com
Brand New David Weekly Home located in Heathrow Country Estates in Sorrento, FL. This home is an Bank Owned REO Property that is in absolutely stunning condition. The home has never been lived in, the light fixtures still have plastic wrap on them. We are selling this house below what you can buy it from the builder. Even still dont let the price scare you, bank needs to sell this house in the next 30 days so they are open to all offers. This home has yet to be placed on the market get the first chance to purchase here!
Nestled in Lake County, within the distinguished gates of Heathrow Country Estates, lies one of the most unique golf communities. Featuring exclusive luxury homes, generous amenities, spectacular views of pristine rolling country side, majestic 100 year oaks and space, yes space - it is what sets Heathrow Country Estates apart from anything else found in Central Florida. And this is just the beginning; it also offers a lifestyle unmatched by others with every convenience you'd expect from a world class resort with the intimacy of a wooded retreat.
Home to RedTail, a private 18 hole Golf Club and Pro-Shop, featuring:
This home is the stunning Cassandra Model and features:
Dont hesitate, if you have been looking for luxury living with spacious yards and just minutes from everything then this home is for you. Just 15 Mins to the Heathrow/Lake Mary High Tech Corridor. Priced at $500,000
Contact Heather Joubran 407-810-6304 email Heather@HeatherTheRealtor.com or visit www.HeatherTheRealtor.com
This home is located in one of the most sought after area's of Baldwin Park, in the heart of the community just steps from the Publix, shops and restaurants.
This MacFarland model was built by David Weekly Homes and was a former model, sporting features not found in any other home like a whole home intercom system. The property has been lovingly cared for and boasts large tile flooring and plush carpeting, not to mention 42" cabinets, fenced yard with brick pavers, rear entry garage, garden tub and dual sinks, UV filtration system on the A/C and spacious split floorplan.
Property is a short sale status but dont worry the property is being handled by a Certified Distressed Property Expert (CDPE) and the bank has estimated 38-45 days for response time on offers. Seller had a death in the family and can no longer afford to make payments, we have already been in contact with the bank.
You could buy this same exact model from the builder for $445,000 brand new in the very back of the community on a much smaller lot and close in about the same amount of time as this home but in a location 10x better and will be sought after for years to come!
Priced at only $395,000
Lake Mary First Time Home Buyers have you been sitting on the fence thinking about buying, really wanting to buy so you can take advantage of the free $8000 tax credit out there. Well dont sit too much long as the deadline for the tax credit is fast approaching. Many of you know the incentive runs out on November 30, 2009
That's almost 2 months away, I have plenty of time. WRONG! The standard FHA financing deal takes a minimum of 45 days now thanks to Regulation Z. With that being said lets say you put a contract in this weekend October 3 and it's excepted that day. The soonest you could close would be November 18. Phew just 12 days to spare. But wait lets back up a little bit and review dates.
With that time line alone if you find a property in just a few short days say by October 3, your offer wont be seen by the seller until October 5, you most likely wouldnt have an executed contract back (granted if your offer is accepted) until October 12. Now your lender can get started and will order the appraisal, you will then have the inspections. Lets pray for a clean inspection and a property that appraises at or above purchase price so no delays there. 45 days takes you to Thursday November 26. Opps it's a Holiday so no one will be around to close your file or even look over the paper work which takes us to Monday, November 30. Last day of the month companies are always slammed, files dont make deadlines, Sellers dont have time to review HUDs and well they push your closing into December. Guess what you are now no longer eligible for the $8000 tax credit.
So yes if you are a First Time Home Buyer looking to get into a home and utilize the $8000 tax credit your time has nearly run out. This is your final weekend to really get into a home. If you are ready to purchase your first home and work with an Area Specialist contact me today and join the other First Time Home Buyers in the Orlando area who have already taken advantage of the first time home buyer $8000 tax credit and have be entered into my Half Million Dollar Challenge
Heather Joubran 407-810-6304 Heather@HeatherTheRealtor.com www.HeatherTheRealtor.com
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Armed w/a developer's know-how, a local resident's familiarity & a savvy need to exceed her customers' expectations, Heather has earned her reputation as Lake Mary and Orlando's most respected Realtor
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