The Orlando Condo Blog

Florida’s existing home and existing condo sales rose in February, according to the latest housing data released by Florida Realtors®. Existing home sales increased 13 percent last month with a total of 13,701 homes sold statewide compared to 12,164 homes sold in February 2010, according to Florida Realtors. February’s statewide sales of existing condos rose [...]

So the fun continues at 55 West Condos downtown Orlando. According to the Orlando Sentinel, Boston-based real-estate investment group TA Associates purchased the residential high-rise 55 West from the Dutch group that purchased it in foreclosure. The same group acquired real estate in MetroWest a couple of years ago at the La Palazza building. City of [...]

When you purchase a into a homeowner association (HOA), you automatically become a member and obligate yourself to financially support the operation and obey the rules. That said, few buyers take the time to examine the information to make an informed decision. Here are some of the basic “Know Hows”. HOA Fees. As a member [...]

WorldQuest Resort condo hotel in Orlando was sold for $12 million on March 10, said Cushman & Wakefield of Florida Inc., a real estate brokerage firm. According to the Orlando Business Journal, the firm represented property owner Redus Florida Condos LLC in the transaction with buyer WQ Hotel Management LLC. The WorldQuest Resort vacation condos sale [...]

Treasury secretary Tim Geithner and his posse have proposed three strategies for winding down Fan­nie Mae and Freddie Mac, the gargantuan governmentally sponsored version of Terri Schiavo if she was a mortgage securitization giant.  I can’t say I blame them, as our banking system exploited the poor GSEs to near-death.  The downside of this is [...]

Question: Can the board offer discounts to members that prepay a special assessment rather than participate in a payment plan?  Answer: No discounts should be offered since they would cause a shortfall. It is appropriate, however, to charge late fees to those that don’t pay as agreed.However, it is a bad idea for HOAs to [...]