Oviedo Fl foreclosures and short sales are fairly common but slowing down for now. In the previous 2 years 81 homes have sold as short sales or foreclosed. Last year the number was just 28 which is a notable drop.
Buying a Oviedo Fl foreclosure or short sale seems like it is always a good deal. However that is certainly not the case or many more people would be doing it. When the banks have fewer homes to sell they want closer to market price. When a home is being sold to avoid foreclosure, well there are often challenges to face and deal with during the negotiating and sometimes all of the way to the closing.
In Florida no one can short sale a home without a licensed realtor. The banks simply will not allow it. The paperwork is complicated and the sale is often emotionally charged. One person is buying a cheap house, the other is being forced to sell their home at a discount. A Realtor who is experienced is a god send for either party. We always use our specialist at a title company to handle most of the paperwork if we are selling. You can't beat someone who only does short sales.
I have both purchased and sold these types of homes. I have made money from and on them. However it can be very tricky and there are no guarantees. Below are all of the Oviedo Fl Foreclosures and Short Sales from highest to lowest price.