Some good news and some not so good news for you this Friday morning. First, the good: Nationwide, distressed sales, which include real estate-owned (REO) properties and short sales, accounted for 9.4 percent of total home sales in July, down 2.1 percentage points from July 2014 and down 0.4 percentage points from June 2015. And now, the not so good: Of the 25 largest core based statistical areas based on loan count, Orlando-Kissimmee-Sanford had the largest share of distressed sales in… See [...]
Tradewinds Condo Auction 100 Will Sell Absolute! No Minimums! No Reserves! Saturday, March 29 2008 at 11:00AM The owners of Tradewinds condos in MetroWest Orlando, have decided to take their chances at auction, after a series of no-go, low-ball offers from investors, There are still over 200 condos at Tradewinds, and the first 100 will be sold "absolute" (regardless of price). The remainder may be added depending on the outcome of the first 100. There are 1 & 2 bedrooms available with [...]
Solaire Practice Auction For those who register, there will be a practice auction on February 29th at the Embassy Suites Hotel in downtown Orlando. The Solaire practice auction will demonstrate the auction process and help you become more comfortable for the March 1st event. The practice is also a great time to ask the auctioneer any questions you may have about the auction process. For more info on the Solaire auction see our previous postings. You can use this form to begin [...]
Below is a sample of the Solaire condo's auction inventory. Call us if you would like the full list or a pre-auction tour. The Solaire auction is a 'minimum selling bid competitive auction'. There will be a total of 42 Solaire condos for auction comprised of one- and two-bedroom units. The requirements for the auction are that a buyer must be pre-registered as a bidder, be pre-qualified through one of two lenders (or provide proof of funds if a cash buyer), and be able to attend the auction [...]
SOLAIRE Auction Update: Auction for the Solaire condos at the Plaza will be held on Saturday March 1st 2008 in Orlando. 42 Luxury condos will be auctioned: 1 bedrooms will start at $170k; 2 bedrooms at $250k. We will be registering potential Solaire buyers starting on Saturday at 11am - 5pm. Pre-qualification through a preferred lender will be required. Contact us for more details and to register - all buyers must register prior to the auction which will take place downtown Orlando. [...]
Downtown Orlando's Solaire at the Plaza is great condominium.But like most downtown condos, it's had its fair share of problems. Now, after a number of sales and marketing companies have come and gone, each turning down offers from both individuals and bulk investors, several reliable sources suggest that the developers (Wood Partners) have decided to take their chances at auction - and Condo Metropolis has heard that a press release is expected on Friday 8th February, 2008. The Orlando [...]
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