The Orlando Condo Blog

For those still not sure what’s going on in the Orlando condo market, here’s a quick update: Bottom for condo conversions was last year; inventory is getting sparse; prices have been on the rise for 12 months now, and for Orlando bank owned condo foreclosures in the under $100K price bracket, it’s a fast paced, all-cash, aggressive, seller’s market. All [...]

A recent Federal Reserve study elucidated the fact that about 2.3 million homeowners could have refi­nanced last year had lending standards not been so strict or had they not owed more than the home is worth.  You don’t say.  Well I’ll be goll-derned.  You mean to tell me that this whole mortgage situa­tion would be [...]

In common wall housing, unit flooding and damage can happen for a variety of reasons including roof leaks, water supply pipes leak, toilet/bathtub overflows and washer hose ruptures. Who is responsible for water damage, the HOA or unit owner? First, determine the actual cause of the loss and whether any of the involved parties were [...]

With the collection rate being what it is and bank foreclosures taking forever, I understand that Boards do not want to wait any longer than necessary to take action to collect overdue assessments.  Many Boards give management and their attorneys “marching orders” to proceed as quickly and as forcefully as possible and I agree – [...]

Orlando’s ”Canadian Invasion” continued last week with 2 bus loads of eager Canadians pulling into the Madison Condos in MetroWest Orlando for a tour and quick lecture by Condo Metropolis on the best way to purchase distressed / bank owned / inventory. Eyewitness News 9 came along for a the ride and they had their hands full with investors who were keen to talk and [...]