Thanks to all responded. It is greatly appreciated!!

Steve, these complexes are not unusual. This is happening all over Orlando. Foreclosure and delinquency rates of 30% and more are not unusual but as they sell again, the problem is solved.
I've helped a number of investors pick up foreclosure units at the Sanctuary and it's one of Orlando's better complexes... block construction. Forget the short sales, so long as there are bank owned deals. With the latter, the fees will be paid by the bank so you have nothing to worry about. For more info visit our condo foreclosure page at:

http://condometropolis.com/orlando_foreclosures

We'd be happy to help you find a good deal at either of these complexes and explain your risks and incentives. There's no charge to you since the seller pays brokerage fees. You have nothing to loose.

Good luck,
Marcus Burke, Broker
Condo Metropolis Orlando
407-290-3408.

Steve,

These units were bought by investor's, 2nd home owners and vacation home buyers and due to the downturn in the economy most can't afford to keep up the payments due to job loss, tightening of their financial belts or their loans reset to higher monthly payments.

The good news is it makes great deals for anyone wanting to relocate, have a second home or invest in Real Estate as prices now help with the rent vs. mortgage equation.

See them all, get set up on some sort of auto email program with a realtor.

Visit my website but please pardon the dust, I'm revamping the look and features.

Hope this helps,

Broker Dave
GRI, ePRO, GREEN

Visit my profile located here on Trulia, its simple just scroll your mouse over my picture and click.

Hi Steve,

I guess it depends on your definition of "so many". There are 24 units on the market at Sanctury, but there have already been 75 sales this year. At Sand Lake there are 16 units on the market, but there have been 65 sales YTD. What that means in both cases is that lots of delinquent HOA accounts have been brought current. That's a big positive. What you want to watch out for is developments with lots of listings and few sales.

Both these places are worth looking at.

Good Luck,
Mark LeMenager
Weichert, Realtors - Hallmark Properties