Orlando Short Sales Blogs & Blog Posts
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Latest Blog Posts on orlando short sales
- What goes into a Short-Sale package? by Orlando Real Estate and News on Oct 20, 2009
1. Hardship letter: the purpose of this letter is to tell the lender your “story” of why you have missed payments and why you cannot continue to pay. It should be handwritten and come from the heart.2. Financial disclosure: Like a loan applicatio...
- #1 Reason short sales do not close… by Orlando Real Estate and News on Oct 14, 2009
The paperwork submitted to the lender was not packaged adequately.Here is the deal…the mitigators for the bank are overwhelmed, overworked and underpaid. Many carry 200-300 files; way too much for even a super worker.Some banks are now paying ince...
- WHY 50% of SHORTSALES DON’T SELL…. by Orlando Real Estate and News on Sep 28, 2009
Wow, that is a loaded question but here are a few answers:The property may go into foreclosure before the short sale is completed. The banks “short sale” department does not communicate with the foreclosure department, so while you are waiting f...
- Does a signed contract mean you can buy it? Don’t hold your breath… by Orlando Real Estate and News on Jul 13, 2009
Ok, true story…happened yesterday…My buyer signed an offer to buy a short sale condo; seller signed it also, so we had a mutually accepted contract with just a contingency waiting for the bank to approve the price… …we waited, and waited, and...
- Short Sale vs. Bank Owned Properties by Orlando Real Estate and News on Jul 8, 2009
Two very different situations, each with their own set of problems:Short sale: Property is currently not worth the amount of all the loans the owner has against the property therefore it is being sold for less than owed and the bank has to say “OK...
- Bank Foreclosures Selling 2X the Rate by Orlando Real Estate and News on Jul 1, 2009
Days on the market is the number of days that a property is on the market before its under contact or called "pending" in the Multiple Listing Service. Here are how fast properties are moving in Orlando.Bank Owned Properties are on the market for an...
- Are homebuyers really pulling the strings? by Orlando Real Estate and News on Jun 29, 2009
Depends on what price range you are thinking about…. If it is $300,000 and up, than yes, the buyer probably still has the upper hand.If it is $300,000 and less, then the seller has the prize possession that the buyers all want. The majority of ho...
