The Orlando Condo Blog

BULK CASH DEAL 5 CONDOS IN HEART OF KISSIMMEE, FOR UNDER $130K! Bank owned prices, without the hassle factor! These condos are NOT listed on the MLS. An opportunity for an investor to aquire 5 Cascades condos in one clean deal at foreclosure prices without having to bid against a dozen other bidders, collecting one unit at [...]

Bank Owned / Foreclosures (REO) Each bank is different, and has it’s own procedures. Some will take the first “good” offer they get, others will ask their agent to “hold all offers” until the first 7-14 days have passed. Therefore, you may hear something within 48 hours – or you may wait 2 weeks. Equally, [...]

Members of the Orlando Regional REALTOR® Association filed 4,043 new sales contracts in the month of February, the greatest monthly tally since the organization began recording the statistic in 2005 at the height of Orlando’s red-hot market. The number represents a jump of 66.11 percent more new contracts filed in February 2010 than in February [...]

Lender & Law Firm Both Held Liable Court Rules in Favor of Condominium Association After Lender Fails to Move Foreclosure Proceedings Along or Comply With Court Orders. Bank required to pay over $13,000.00! On Feb. 8, 2007, the Bank of New York filed a mortgage foreclosure lawsuit against a unit owner, naming the Moorings at Edgewater [...]

LAKE BUENA VISTA RESORT VILLAGE & SPA, ORLANDO NOW AN APPROVED $500,000 EB-5 REGIONAL CENTER We are very excited to announce that as a result of discussions with the United States Citizenship and Immigration Service (USCIS) Lake Buena Vista Resort Village & Spa  is now available for investment of $500,000. Why is that so great? Well…  Last year, the Lake Buena [...]

The much anticipated auction at the The Vue at Lake Eola condominium tower finally took place this morning, ending with final bid of nearly $26 million.  The buyer of the remaining units at the downtown Orlando tower is reported to be Condo Developer LLC, a Delaware-based corporation that appears to have been created specifically for this purchase. Of the 375 units originally for [...]

As I sift through the various economic reports America has to offer on a monthly basis, I am filled with a unique, awkward kind of happiness.  Looking at the numbers and smiling is kind of like being happy that your friend isn’t on fire anymore.  You think “great, my buddy’s not burning anymore” right before [...]

Condo Inventory Still Dropping in Orlando While naysayers insist that further house price declines may still be on the horizon, investors in Orlando are voting with their pocket books in droves. There are currently 15,911 homes available for purchase through the MLS. The January 2010 inventory level is nearly 30% percent lower than it was in January of 2009 [...]

Here are the latest 55 West apartment / condo offerings downtown Orlando: Gramercy x 2 starting at $1295 - May. x 2 Gramercy’s starting at $1465. Soho - $1144 – March Village- $1486 – May 55 West City Residences: Small 1 bedroom! (825 sq ft) $1393 1 Large bedroom for $1467 pool view-12th floor… 1060 sq ft!  2/2′s: (1300/1329/1402 sq [...]

Question: Our state statute states: “Unless otherwise provided in the governing documents, the homeowners association board of directors shall adopt and amend budgets for reserves in an amount adequate to repair and replace major capital items in the normal course of operations without the necessity of special assessments, provided that the amount set aside annually [...]