To make life easier (particularly for out-of-state and overseas buyers), we're working on dedicating a page to each of the major condos in Orlando. Here you'll find photos and floor plans and a quick blurb about each of these popular Orlando condos. You'll be able to navigate to these new pages directly from the Condo Metropolis home page, where you'll see some changes soon. But for now: For more info on buying or selling at: Bermuda Dunes, visit our Bermuda Dunes condos page. The Vue [...]
How about Foreclosure pricing without the hassle of a foreclosure - and without having to do any rehab? That's what the developer at Millennium Palms condos is offering right now. Pricing at the Millennium Palms condos has always been good, but it just hit rock bottom at about fifty cents on the dollar. Here's the latest price structure - just released. 1x1 $49,990 2x2 $59,990 3x2 $69,990 Perhaps the best thing about these condos is that they are fully upgraded, including the boilers[...]
The last few months we've been explaining how impossible it is to get a condo loan these days - particularly on bank owned Orlando condos, regardless of credit score, money down - or job. Well you'll be pleased to know there are one or two exceptions - but they're a rare find. Condos that are FHA approved or Fannie Mae approved can still generate loans because they meet guidelines which suggest that the community is viable: guidelines with respect to number of investors, number of COA [...]
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.
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,[...]
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[...]
FINALLY... SOME GREAT NEWS! Yes, we've finally caved in to your almost endless nagging and are putting together our first Orlando real estate bus tour - a tour that will take you to see some of the best deals in town! As ground zero for so much of the recent real estate fall out, there is no doubt that Orlando is now home to some of the most incredible deals in the country. And while we've been writing about them for some time now and touring the more agressive investors, we [...]
For the developers of The World Quest condo hotel resort near Disney, 2009 is off to a poor start. Following their failed auction last year, the owners have struggled with sales - as have most of the area's condo hotels. Now, according to the Orlando Business Journal, Wachovia has filed a foreclosure suit for $31 million. "The incredible nature of recent economic events made sales almost impossible to come by..." said Tony Ruben, president of the parent group of WorldQuest Resort. The [...]
"Ok, well keep me posted if you see any good deals." I hear this all the time from would-be buyers on the phone who are stuck in the mud and never quite satisfied with what's on the table. These folk never buy, because they're always wating for something better to come along. "Sure," I say. What I really want to say is: "Are you kidding me? There are 22,000 listings in Orlando right now - half of them foreclosures going for a steal and we take a dozen calls a day. Why don't YOU get back [...]