The Orlando Condo Blog

The United States Senate is expected to vote later today, on a bill to extend Unemployment Insurance benefits. This bill will contain the “Dodd – Lieberman – Isakson Amendment to Extend and Expand the $8,000 First Time Homebuyer Tax Credit.”
The Extended and Expanded Tax Credit will make the current tax credit bigger and better, and if passed will contain the [...]

Contrary to popular belief, Beelzebub did not invent adjustable-rate mortgages in an attempt to destroy America.  Shocking news, I know.  Seems like something he would do.
I’m quite sure I’m going to receive some criticism for this, but I am predicting that a major lifeline for real estate will be the return of the dreaded ARMs [...]

55 West at the Esplanade downtown Orlando, finally went back to the bank last week.
The Dutch lender who instituted foreclosure proceedings at the 55 West condominium last year repossessed the property following a no-bid auction on Friday.
“It was kind of a formality,” said Jeff Sweeney, commercial specialist with Grubb & Ellis Commercial Florida Inc., which is marketing [...]

The Lake Buena Vista Resort Condo team was excited to learn that their EB-5 employment based immigration program had been extended until the end of October with very positive news of a three-year extension still being discussed in the Senate.
The little-known EB-5 program is an incredible opportunity for foreign nationals to quickly acquire Green Cards [...]

There are few things more basic to a homeowners association than the fees it takes to keep the place running. When one or more owners default in the payment of fees, the impact is felt by all. And the longer the delinquency, the deeper the cut. It is a situation that many boards dread because [...]

Last Thursday held two mortgage-market unfriendly items that are worthy of note: Fed Chairman Ben Bernanke stated that the Fed was inching closer to an inclination to raise short-term interest rates and America held a poorly bid 30 year bond auction.  Mortgage rates suffered and increased as a result.
That’s the bad news.  The good news [...]

Bella Piazza Condos Davenport, Orlando: For those who were not fast enough during the recent developer closeout. A 4-bedroom unit has been returned to the market priced at $165,000 – with 2% back towards closing costs.  
It is a fully-furnished, vacant condo on the second floor that will need to close immediately. We will need a [...]

The Vue at Lake Eola downtown Orlando
Orlando’s The Vue Condos are back in the news as six creditors attempt to force Orlando’s tallest condo project into liquidation.
The various banks and insurance companies filed a Chapter 7 petition on Oct. 1 against The Vue Orlando LLC. The petition claims The Vue Orlando owes the firms a total of $14.6 million in loans.
The Vue at [...]

Stirling Sotheby’s International Realty and WW Auction Realty Services will be conducting an auction on October 24 for 29 Luxury Condos and 13 Town homes in Venetian Bay near New Smyrna Beach. This will include 2, 3 and 4 Bedroom Condos as well as 2 bedroom town homes previously listed from $230K to $600K. Suggested [...]

Got a job?  Count yourself lucky.  America’s latest employment report showed a loss of 263,000 jobs and a posted unemployment rate of 9.8%.  This is the worst jobs reading that we have seen since June 1983.  To give you some perspective, America would need to churn out 125,000 jobs just to keep pace with population [...]

Tradewinds condos in MetroWest (Orlando):
In an attempt to sell the remaining units, Tradewinds has gone through a number of transitions in recent months, however, the complex is now in the hands of the FDIC.
A number of bulk buys have been completed and although now under FDIC control, that trend looks set to continue. One- and [...]