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Foreclosure in Orlando : Real Estate Advice

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Activity 152
Thu Mar 19, 2009
James Pruett answered:
HOA fees can be a lien on a property, and they must be caught up when deeds change hands. The HOA fees can not be negotiated, they are what they are, so I would suggest you not purchase in a complex that has too high an HOA or is in the arrears in dues. ... more
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Sat Jul 23, 2011
Jwgrant answered:
Yes I do clean outs my name is James Grant with J W Grant ll LLC, please call me at 727-485-6570. Thank you
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Sat Dec 10, 2011
Rick Aguirre answered:
Kelly Jo,

Great question, After a Lis Pendens filing it can be a little as 4-6 month or a year or more. Each situation is Different depending on which bank is involved. I wish I could be more clear but I simply cannot.
I would be looking for a another residence.
You may also go to the Orange County Clerk of the courts website to see if the property you are renting is being auctioned, Here you can see if Final Judgment has been delivered
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Sun Dec 14, 2008
Rick Aguirre answered:
This appears to be a Bank owned or REO property. The financing for this would be the same as you would for a non distressed property. You could finance with a mortgage or pay cash.
Just a bit of advice. If a bank owned property is in good shape,in a desirable location and priced right,there will be others interested and making offers. I have in recent experience seen a " bidding war" for some properties.
Hope this helps.
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Wed Mar 4, 2009
Brady Pevehouse answered:
I will be more than happy to assist you in locating properties in the Orlando area. We service Orange, Seminole and Brevard Counties and work well with investors helping them not only find the right property, but also have a property manager in our office who can assist you in maintaining the property if needed.

Feel free to give me a call at (407) 282-4525 or you can contact me via Skype at brady.pevehouse

Our website also has chat available on just about every page to make it easy to contact an agent.

Naturally there will be many questions on both sides, so feel free to give me a call and I will do what ever I can to help.

Brady Pevehouse
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Thu Jun 3, 2010
Antonio Vega-Pacheco answered:

It is my understanding from past experience that since you signed a lease with the landord, you are bound to make your payments or he could take you to court for breach of contract. What ever he is doing in his financial life is independent from your lease. However, that's just my should consult with a lawyer, show them your lease documents.
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Thu Oct 16, 2008
Condo Metropolis answered:
I'm not seeing this house number listed in the MLS. There are house numbers: 13509, 13539, 13538, 13550, and 13702... do you have the right number?
0 votes 5 answers Share Flag
Mon Oct 13, 2008
Greg Traub answered:
Did you have him sign a satisfaction of lien? Do you have any proof it was paid in full? Have you simply asked him to sign any of these or is he refusing to do anything? He may have just never gotten around to satisfying the lien in public records.

If he's causing a problem you will most likely have to hire an attorney as this would be a legal issue. If his lien was file after the first mortgage holder that is foreclosing, he will most likely be wiped out anyway.
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Sat Oct 4, 2008
Maureen Francis & Dmitry Koublitsky answered:
That seems like a legal question. You should contact a lawyer here in the US.
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Thu Feb 25, 2010
Faye Martin answered:
As we are all aware Short Sales are in great supply not only in Olrando but throughout the United States. Chosing a Real Estate professional to guide you through the process is your first step. I would recommend a Coldwell Banker Office nearest your investment property. ... more
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Wed Aug 27, 2008
Scott Godzyk answered:
Definately need to increase it if you absolutely want it. Also make sure it isa clean contract, dont put any contingincies on it, have a pre approval letter, make sure your deposit is at least 1% of the sales price and make it a bank or cashiers check, do any inspections now rather than making it contingent on a home inspection. Good luck ... more
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Sun Aug 17, 2008
Gary De Pury answered:
The same with US Residents, the courts will foreclose and the property will be sold. You may have some differing tax issues afterwards and your credit reporting system is vastly different from ours as I understand it.

Basically, you will lose the house if it is not worth paying the difference. You may also consider selling it in a short sale or via a "SUBJECT TO" transfer.

Please feel free to email me directly if you have additional questions.

I hope this helps!!!


Gary De Pury
Bay Vista Realty
Tampa, Florida
Chairman, Communications Committee
Greater Tampa Association of REALTORS
Director, Florida Association of REALTORS
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Thu Aug 7, 2008
Steve Javier answered:
About 6 months, give your landlord my info, maybe I can help him.

Steve Javier
0 votes 7 answers Share Flag
Sat Jul 26, 2008
Broker Dave answered:
Hey Debi,

I've heard of banks putting off foreclosure for many reasons, he could have been in negotiations and changed direction many times etc... Who knows? Did you ask him how he did it? Are you in preforeclosure? Congress and Senate just passed a bill to possible help you, it needs to be conference then off to the President to sign, and he stated he will. Check out my website for who we are and call if you need more info.

Broker Dave
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Thu May 22, 2008
Myke answered:
not a lot of options there.
your lawyer would be best to advise you on that - and if they're saying you're stuck.......
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Tue Apr 15, 2008
Myke Atwater answered:
Essentially, yes, preforeclosure is also referred to as short sale. A short sale situation occurs when a property is at least two months behind on payment, and the seller has negotiated an agreement with the bank that holds the mortgage to accept less than is owed on the property. A foreclosure is further away in time than you might think. The short sale process can be lengthy, and then the foreclosure process is even more time consuming, so it may not even affect you, depending on how long your lease is for. The landlord is only required to do whatever your lease states--so read it carefully, and keep in contact with your landlord to be kept abreast of the latest news. ... more
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Tue Jan 17, 2012
Lisa Hill answered:
I know several agents who work in the Orlando area, but I'm not completely sure where the 32836 zip code is. My suggestion is to go to and search by that zip code. Active Rain is a real estate blog network with over 70,000 members. I just did a quick check and found many agents in that area. If you read through their posts, you'll get a feel for their personalities and find what that you feel comfortable with. I hope this helps. ... more
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Fri Apr 25, 2008
Condo Metropolis answered:
Hi Tammy, welcome to the sunshine!

As you probably know Florida's condo market is pretty soft right now and there are some great deals around. The Vue is one of the few which, by luck or judgement, timed things right for completion before the slump hit - so they've fared better than most. Our long term view is that this sort of condo, while not in massive demand at the moment, will certainly increase in demand as Orlando's redevelopment continues. You may or may not know much about what's going on downtown right now but as you will see from some of the cranes - things are happening.

Anyway, we are Orlando's real estate experts for condos - that's all we do. We've blogged about the Vue a few times - they recently had their grand opening - and it's certainly one of Orlando's more extravagant condos with lots of high-tech, fun stuff. We'd love to give you the tour of the Vue if you'd like - and if you like it, we'll make sure you get the best pricing and incentives! (We are a buyer agency, so there is no charge for our services. Excuse the plug...)

Good luck!
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Fri Feb 1, 2008
Pete answered:
That is the best word in realty.
Know who you feel comfortable with, they have just become a part of the family, you will need some real personal information about you to find exactly what it is that you are looking for, and this doesnt really communicate well with someone you dont really know or trust.
When interviewing, see if their body language tells you they are as excited as you two are, what are their ideas to you, is it in line with what you are thinking?
Look at your Church in the Bulletin, ask your friends & associates at work.

Are they available is what you want to know, that if you see something they set it up immediately on your schedule. that they are calling you with houses ( do those houses match what you told them you were looking for)

Good luck in your first house, I hope it will be a thrill for you!

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Thu Oct 21, 2010
Chantal Gakwaya answered:
Hi Shelley, there are many safe communites to live in that price range. What you may consider is a gated community. I would be happy to work with you. I specialize in foreclosure properties and have many homes available in that price range. ... more
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