We posted Miriada condos closeout deal towards the end of last year. Prices have continued to drop and we can now get you a FOUR-bedroom from $89,900! Financing may also be available, together with some closing cost assistance. Contact us for a tour before the last few go! Upgraded kitches with stainless steel and granite, wine refrigerator and more... Just 10 minutes from the airport.
Question: Our board is looking for better ways to communicate to the members by establishing a website. If we decide to distribute the board minutes and other information via a website, is that in itself sufficient? Or, does the board have an obligation to continue to use mail? Answer: Unless there is a requirement in your governing documents or archaic state law to mail communications, using a website and email are marvelous ways to economize, improve and expand HOA communications. Since the [...]
Mona Lisa condo hotel just became the latest condo hotel to file for Ch. 11 reorganization after a series of declines in occupancy and rental rates. Last month World Quest Resort suffered a foreclosure suit as developers struggle to keep their heads above water. The Mona Lisa condotel is a $70 million, 240-room condo-hotel which opened in early 2008. Only around 70, or 30 %, of the units have sold to date leaving Mona Lisa with about 170 units to sell. As of the petition date,[...]
I hate to beat a dead horse, but... each day we get folk calling in on Orlando condo conversions - foreclosed - that cost under $50K - and they want to finance them. When we tell them it will be very difficult, we get the "Oh that's not a problem - I have a great credit score and good job" line. But it's not about good credit scores any more, or even how much you put down in many cases. It's about whether the condo is FHA approved or Fannie Mae approved; whether it's has less than 50% owner [...]
I recently heard from a co-owner who is concerned about a neighbor who walks his dog at various evening times using the grassy areas between the buildings and sometimes behind and around those buildings. This neighbor's walk is very disturbing since it results in a person suddenly appearing outside of the co-owner's window and behind his unit. These walks can be later than 10:00 p.m. when it is very dark alongside the buildings. The co-owner wondered if restrictions could be [...]
Condo Metropolis in conjunction with Orlando Real Estate Pros are now producing Orlando's "Top Ten" real estate deals for a zingy new, nationwide real estate website called, yes... Top10RealEstateDeals.com Each month, we'll be selecting the best of Orlando's real estate deals and will bring them directly to this new listings site. These opportunities represent just a few of the more than 22,000 units on the Orlando homes market at present. Contact us for more info on these or if you're [...]
OrlandoTop 10! Frames are not enabled - To view list goto Marcus Burke's Orlando Top 10 Luxury Condo and Real Estate List
News comes today that the fabulous Reunion Resort has decided to close the sales office both here in Orlando, and at Hammock Beach. The news yesterday afternoon left their in-house agents suprised -and looking for new work. According to one source, "Sales were pretty good but we just can't compete with the wave of foreclosure properties that are coming through the pipeline now." The resort itself which is up and running and about 75% complete, has it's own water park and 3 [...]
After months of negotiations and hints that 55 West condos, downtown Orlando will be partially bought out by a major hotel company, word on the street is that the deal fell through - and they are back to the drawing board. 55 West, Downtown Orlando However in the Orlando Sentinel this morning, Bob Hensley, the developer overseeing 55 West for the Dutch bank that foreclosed on it last year apparently hopes they are only a few weeks away from announcing a new deal to bring a major[...]
CondoDomain have been at the forefront of Boston condo sales for a while now. A new breed of online broker like Condo Metropolis, they were due to join forces with us here in Orlando in the coming months. But now, their operation is in jeopardy as a former partner has decided to sue them over what was or wasn't in their original business plan. It seems that their former collaberators, a regular, bricks and mortar (soooo old school) real estate company are feeling the pinch of their [...]