RECENT BLOG POSTS
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Just when you thought you couldn't afford your dream home, here comes the real estate fairy with her magic wand. Except the real fairies are the banks holding millions of dollars worth of inventory and they are fast tracking these properties out of their hands into yours. It never ceases to ama...
10/18/2011
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Next time your condo deal is falling apart because the lender won't approve the buyer's mortgage don't lay down and die. Review the reasons why and if it has anything to do with the condo complex's HOA delinquency rate; Don't be shy, tell the mortgage agent to ASK FOR A FANNIE MAE EXCEPTION. It ...
08/03/2011
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Market stats are in for July 2011 in the Central Florida and bank owned properties represent over 47% of all sales. Short sales are aapproximately 27% and the rest are regular sales. !0 years ago in August, banked owned were less that 1%, short sales also less than 1 % and if you were selling...
09/22/2010
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Yes, low appraisals have been nailing the coffins shut on condo sales in Orlando. Appraisers are scrambling all over town looking for suitable comps and often to find just one is like Eureka, to find three is close to a miracle. It seems the appraisers are grabbing at straws to come up with a va...
08/11/2010
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Fear is a terribly paralyzing emotion. Fear of the unknown. So many of us are cemented spectators, watching the parade go by and never participating. It's time to jump in. Not blindly, but equipped with facts and figures. Fact: Condo prices in most of Florida are still low.....banks are practi...
05/09/2010
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While going thru the drive thru lane at my bank, the head teller, asked for my business card. He said he wanted to buy some small investment properties to rehab and rent out. When I contacted him for details, he said his brother and he have bought 5 properties all under 50K, all single family h...
03/08/2010
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The Orlando Regional Realtors Association posted approximately over 2000 sales in the last couple of weeks. One would think we were all "in the money". Unfortunately, not really the case; 80% of what is selling is under $250 K. The bulk of the sales are either REO or short sales. The properties...
03/03/2010
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It is mind boggling to see how low the prices of condos in Central Florida have plunged. The Metro West area is practically giving them away. Some Homepath bank owned units are now offering low interest financing with as little as 3.5% down, contributions toward buyers' closing costs and even dis...
02/19/2010
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ENTER THE PLAYERS. After waiting for over 8 months, FINALLY we get a short sale approval letter from the sellers' bank. The lisitng agent and I, the buyer's broker are THRILLED! The wheels are turning and everyone is doing their part. The estoppels have been received, we have clear title, the bu...
01/11/2010
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Let us whine no more. Let's have a naked lunch! Yes the market has fallen to depths spelunkers would consider a suicide mission to explore. But who needs spelunkers anyway? What we need is to serve the lending institutions an overstuffed Reality Sandwich as our 60's icon radical poet Allen Ginsbu...
01/31/2009