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 [...]
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 [...]
Multiple Offers are soooo 2006... Well if you think so, take a deep breath because while it might seem ludicrous to make an offer on an Orlando condo - or any other home, if it means competing with another buyer, things have started to change. In the last few weeks, there has been a sharp rise in the number of multiple offers on Orlando real estate  - and all because foreclosures are finally making their way through the bank pipelines. Many banks, overwhelmed with homes are pricing their [...]
"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 [...]
Thursday, August 21, 2008 Orange County Convention Center North Building - 3rd Floor - Room N320 9400 Universal Blvd. Orlando, FL 32819 2:00 p.m. to 8:00 p.m. EST RSVP: 407-685-9882 Contact: Mark Lindsey, Abernathy MacGregor. msl@abmac.com (310) 343-5844. The nation's second largest mortgage insurer PMI Group (www.pmi-us.com) has released its annual Economic Real Estate Trends report, and the study reveals that several major housing markets in Florida and California are at the highest [...]