The Orlando Condo Blog

Sometimes it’s just easiest to remember that (with one or two exceptions) there are no loans on condos right now. For those interested in the detail, HUD just changed its condominium rules again for those seeking FHA approval, but I’m not sure it really changes anything for the average buyer. HUD has relaxed its controversial requirement [...]

Reporter Anjali Fluker at the Orlando Business Journal followed up this week on one of last week’s headlines that Orlando condos are ‘selling like hotcakes’. Our own Marcus Burke was interviewed about this seemingly odd phenomenon which is at odds with an otherwise fairly sluggish market. You can read the online version of Bidding Wars Ignite Condo [...]

Legacy Dunes Condos are just off SR192 in Kissimmee – just a stone’s throw from Celebration and the Disney attractions. Located in Osceola County, Legacy Dunes condos can be rented out short term – either by the investor, or by the onsite management company, just like a hotel. This makes Legacy Dunes condos more flexible in [...]

We don’t normally talk much about deals outside the Orlando metro area but these condos on the Tampa Bay look pretty good. One-, two- and three-bedroom condos and townhomes starting at $68,900. This is not a short sale or foreclosure, but direct from the developer. “Waterside at Coquina boasts two distinct villages on either end of [...]

The Orlando Business Journal reports today that Veranda Park condo developer Kevin Azzouz and Fifth Third Bank have been ordered to work out an issue relating to a bankruptcy filing and foreclosure auction at the Veranda Park condo project in MetroWest. The filing concerns multiple ventures, including the office space as well as The Residences at [...]

Bella Piazza Goes Hardcore One of the indicators of a change in the market will be the instant hardening of sellers (in particular developers) towards buyers with the loss of incentives and a refusal to budge on price. At the Bella Piazza condos in Davenport, we’re starting to see some of this now. This community still [...]

Enders Place condos, Baldwin Park is scheduled to go to auction on April 21st 2009, if New York condo conversion firm Lexin Capital fails to pay the $46 million owed to HSH Nordbank AG. According to the OBJ, Lexin Capital Inc. took over the 220-unit property in Orlando suburb Baldwin Park in 2006 but due [...]

Serra Vella condos in Altamonte Springs (North Orlando) has announced a new round of pricing. Surely this is cheaper than renting? The problem with condo conversions however is loans, which have become all but impossible. However one or two companies are now saying they can do non-warrantable condos. I got a call from one such company [...]

A condo in the Lemon Tree complex was destroyed early Saturday after an eletrical problem in the attic sparked a fire. Firefighters responded to the Lemon Tree condo just before 2:30 a.m. Saturday, and found flames shooting from the roof of the building.  Fire crews said the woman living in the condo heard her smoke detector, saw [...]

Effective March 1, Fannie Mae (FNMA) the folk the make conventional loans “conventional” are planning to further tighten the condo guidelines on which mortgages they will buy on the secondary market. It could be argued that it makes no difference since they are already impossible in most cases, leaving only FHA backed loans as an option. [...]