Not many foreclosures in Orlando FL are available right now. Orlando foreclosures however offer a great buying opportunity. Having a trained professional assist you along the way will potentially save you some heartache or disappointment. Every bank I know of requires people selling their homes by Short Sale to use a Realtor and Banks use them when selling foreclosures.
We all know it is coming. There is just a cycle that the market goes through. Sooner or later home prices get to high and interest rates either go to high for people to pay the price or they go so low because that is the only way people can afford the homes. Then ultimately the market will adjust. When the banks have very few foreclosures on hand they are stingy. When the amount of foreclosures they have goes up they allow short sales more often and lower the prices on the properties they are holding. Either way this can be a great way to pick up a home for investors or even the frugal home buyer.
Right now there are very few townhomes in foreclosure. The market for townhomes is actually growing. Included in the link above are the homes described as villas, duplexes and townhomes. Please keep in mind that these homes are not traditional purchases and are slightly more difficult.
There are always condos in the foreclosure market. There are quite a few of the in the city and so I guess it is to be expected. Occasionally some very nice ones are available. We can also assist you if you are interested in a Disney Vacation home foreclosure.
Of course this is the bulk of the market. Traditional Single-Family homes make up around 90% of the housing market here in Orlando. We generally list the homes from lowest priced to highest so keep that in mind. Just follow the prompts at the bottom of the page. When you find one you are interested in let us know.
Buying a property holding one of the previous status's is slightly different from purchasing in the traditional fashion. Contact us for assistance with any property seen below. There are normally 50-100 foreclosure, short sale and bank owned properties for sale in Orlando FL.