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Foreclosure

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That’s right, despite the current market woes, people are avoiding foreclosure, relieving their stress and debt, and finding ways to navigate through tough times!

Don’t lose your assets and investments! For direct information on how we can help you, contact us or call us at 407-330-2181!

There are 3 ways to stop a foreclosure

• Pay off the mortgage balance or bring your mortgage current
• Foreclosure on the courthouse steps
• Short Sale

The Deed in Lieu of foreclosure is the transfer of your right to the property to a lender. Some lenders may do this to avoid court costs, but in today’s fast paced foreclosure environment, your lender may not do this. The Deed In Lieu is not recommended because it is very difficult to next to impossible when there are 2 mortgages.

It is our goal to have the process stopped by selling your home before you are evicted

Foreclosure Defined

A foreclosure occurs when a property owner cannot make principal and/or interest payments on his/her loan, typically leading to the property being seized and sold.

Stages of Foreclosure

The foreclosure process is not very difficult to understand. There are several stages during which the homeowner has an opportunity to bring the loan current and avoid foreclosure.

After about three to six months of missed payments, the lender orders a trustee to record a Notice of Default (NOD). At the County Recorder’s Office. This puts the borrower on notice that he or she is facing foreclosure and starts a reinstatement period that typically runs until five days before the home is auctioned off.

If the default isn’t corrected (the loan must be brought current) within three months, a foreclosure sale date is established. The homeowner will receive a Notice of Sale, and this notice will also be posted on the property. In addition, the Notice of Sale is recorded at the County Recorder’s Office in the county where the property is located. Finally, this Notice of Sale is also published in newspapers local to the county in question over a three-week period.

The foreclosure Trustee Sale typically occurs on the steps of the county courthouse in which the property is located. The time and location of this sale are designated in the Notice of Sale. At the Trustee Sale, the property is auctioned in public to the highest bidder, who must pay the high bid price in cash, typically with a deposit up front and the remainder within 24 hours. The winner of the auction will then receive the trustee’s deed to the property.

Foreclosure Auction

At auction, an opening bid on the property is set by the foreclosing lender. This opening bid is usually equal to the outstanding loan balance, interest accrued, and any additional fees and attorney fees associated with the Trustee Sale. If there are no bids higher than the opening bid, the property will be purchased by the attorney conducting the sale, for the lender.

If this occurs, and the opening bid is not met, the property is deemed a REO or Real Estate Owned. This typically occurs because many of the properties up for sale at foreclosure auctions are worth less than the total amount owed to the bank or lender.

When you purchase property at a foreclosure sale, all junior liens other than property taxes are wiped out. Priority of liens is determined by the date of recording. When you purchase a REO aka. Bank REO, you will typically receive the property with a clean title.

How long does it take to get foreclosed on?

The foreclosure process normally takes up to 6 month depending of your circumstances.

• It will take about 3 months for the lender to file a Lis Pendens, (a law suit to take control over your property).
• If you can not sell your property within the 6 month time frame, the lender will evict you from the home and auction your home off on the courthouse steps, and a foreclosure will appear on your records

See more properties for sale below

$27,500.00 ($37.00/sqft) UNIT #127 Orlando Condotown Home For Sale 2 beds, 1 baths, 737 living sqft View Full Details Photos Make Offer Request Showing Save ListingMapAsk Question

ROLLOVER TO VIEW 10 PHOTOS MLS #O5089967 Source: My Florida Regional MLS | 5505 Hernandes Unit: 127, Condotown Home Short Sale, For Sale, Silver Pines Golf Vlg Condo 5505 Hernandes Unit: 127 Orlando, FL 32808 Price reduced $4,500.00 since 3/8/12, NOW $27,500.00 | Short sale. very clean unit. send all offers. this is a must see. tile floors, berber carpet, pool view, what more do you want? sale of property at full listing price may require approval of seller''s lender(s), & approval may be conditioned ... Low interest financing available. Get Pre-Qualified Top Features: short sale, for sale , Swimming pool view Has a pool , Subdivision: Silver Pines Golf Vlg Condo , Lot SQFT: 228420sqft , Built in  1968

$29,000.00 ($50.00/sqft) UNIT #O-103 Orlando Condotown Home For Sale 1 beds, 1 baths, 580 living sqft View Full Details Photos Make Offer Request Showing Save ListingMapAsk Question

ROLLOVER TO VIEW 12 PHOTOS MLS #O5097707 Source: My Florida Regional MLS | 4225 Thornbriar Unit: O-103, Condo, 1 BR, Condotown Home For Sale, Bank Owned 4225 Thornbriar Unit: O-103 Orlando, FL 32822 Great opportunity to own a 1 bedroom, 1 bath condo in Orlando. Cute screened in balcony. Close to airport, 408, downtown Orlando. Community has 2 pools, fitness center, recreation facility and tennis court Bank of America Home Loans Prequalification ... Low interest financing available. Get Pre-Qualified Top Features: for sale, bank owned , Subdivision: Regency Gdns Condo , Lot SQFT: 9080sqft , Built in  1987

$24,600.00 ($22.00/sqft) UNIT #101 Orlando Condotown Home For Sale 2 beds, 2 baths, 1125 living sqft View Full Details Photos Make Offer Request Showing Save ListingVirtual TourMapAsk Question

ROLLOVER TO VIEW 10 PHOTOS MLS #O5072886 Source: My Florida Regional MLS | 5841 La Costa Unit: 101, Why rent when you can own? welcome to this... 5841 La Costa Unit: 101 Orlando, FL 32807 Price reduced $5,300.00 since 3/14/12, NOW $24,600.00 | Why rent when you can own? Welcome to this beautifully kept 2 bedroom, 2 bath home waiting for just the right owner. This upstairs condo unit has many features including tile floors throughout, balcony, indoor utility room, closet pantry in ... Low interest financing available. Get Pre-Qualified Top Features: for sale, bank owned , Subdivision: La Costa Villas Of Orlando Condo Ph 1 , Lot SQFT: 63140sqft , Built in  1982

$29,000.00 ($22.00/sqft) UNIT #97 Orlando Condotown Home For Sale 2 beds, 1 baths, 1 half baths, 1328 living sqft View Full Details Photos Make Offer Request Showing Save ListingMapAsk Question

ROLLOVER TO VIEW 12 PHOTOS MLS #S4695362 Source: My Florida Regional MLS | 4608 Lighthouse Unit: 97, Condo, Orlando, 2 BR, Back on the market....... 4608 Lighthouse Unit: 97 Orlando, FL 32808 Back on the market.... investor''s that missed out, now is your chance ! ! ! this property is ready for the cash investor to remodel or cash owner-occupant with handyman skills ! ! ! financing will be unavailable. great 2 bedroom 1.5 bath, ... Low interest financing available. Get Pre-Qualified Top Features: for sale, bank owned , Subdivision: Carmel Oaks Condo Ph 5 , Lot SQFT: 662sqft , Built in  1983

$385,000.00 ($202.00/sqft) Eustis Single Family For Sale 3 beds, 2 baths, 1904 living sqft View Full Details Photos Make Offer Request Showing Save ListingVirtual TourMapAsk Question

ROLLOVER TO VIEW 12 PHOTOS MLS #G4675337 Source: My Florida Regional MLS | 2260 Topping, 3 bedrooms, Eustis, Waterfront, Broadvue Hgts Sub, Contemporary 2260 Topping Eustis, FL 32726 "simple, elegant, immaculate" describes this lake front home. priced right and located on beautiful east crooked lake, this is a terrific deal for a premier lake front home. originally built in 1996 with an open floor plan, it has been updated. ... Low interest financing available. Get Pre-Qualified Top Features: for sale , Waterfront, Lakefront , Lake access, Waterview , Subdivision: Broadvue Hgts Sub , Lot SQFT: 25080sqft , Built in  1996 , Style: Contemporary

$349,900.00 ($166.00/sqft) Orlando Single Family For Sale 3 beds, 2 baths, 2102 living sqft View Full Details Photos Make Offer Request Showing Save ListingMapAsk Question

ROLLOVER TO VIEW 11 PHOTOS MLS #T2475662 Source: My Florida Regional MLS | 1834 Gerda, 3 beds, Home For Sale, Orlando, 2 bathrooms, Lake ivanhoe view home. ... 1834 Gerda Orlando, FL 32804 Price reduced $31,934.00 since 6/21/11, NOW $349,900.00 | Lake Ivanhoe View home. 2br/1ba main house built in 1934 w/detached concrete-block building built in 1953, encompassing 2-car garage, 20x25 family room/studio, 10x20 covered porch and 22x25 mother-in-law suite. Updated electrical, new A/C, ... Low interest financing available. Get Pre-Qualified Top Features: for sale , Subdivision: Ivanhoe Shores , Lot SQFT: 10098sqft , Built in  1934

$349,000.00 ($91.00/sqft) Longwood Single Family For Sale 5 beds, 4 baths, 3852 living sqft View Full Details Photos Make Offer Request Showing Save ListingVirtual TourAsk Question

ROLLOVER TO VIEW 12 PHOTOS MLS #O5026246 Source: My Florida Regional MLS | Wingfield Reserve Ph 1, 4 baths, Traditional, Tennis Court view, Home For Sale Longwood, FL 32779 Price reduced $141,000.00 since 1/26/11, NOW $349,000.00 | Drastically reduced! not a short sale or bank foreclosure . . . with a little "tlc" and updating, this home will be a showplace . . . located on corner lot with pond & tennis court views . . . community features include security, tennis, sidewalks ... Low interest financing available. Get Pre-Qualified Top Features: for sale , Waterfront, Pond , Tennis Court view, Waterview, Pond Has a pool , Subdivision: Wingfield Reserve Ph 1 , Lot SQFT: 47367sqft , Built in  1981 , Style: Traditional

$399,500.00 ($100.00/sqft) Orlando Single Family For Sale 4 beds, 3 baths, 1 half baths, 4007 living sqft View Full Details Photos Make Offer Request Showing Save ListingAsk Question

ROLLOVER TO VIEW 11 PHOTOS MLS #O5098765 Source: My Florida Regional MLS | Cape Orlando Estates, Wedgefield, Rocket, Spanish, Pool, 3.5 BA, Short sale: wedgefield... Orlando, FL 32833 Short Sale: Wedgefield Executive Home Sitting On 2.60 Acres. This Home Has It All. Custom Built With All The Extras. The Kitchen Is A Culinary Dream Come True, Custom Cabinets, Granite Countertops, GE Monogram Appliances With A Huge Center Island. ... Low interest financing available. Get Pre-Qualified Top Features: short sale, for sale Has a pool , Subdivision: Cape Orlando Estates, Wedgefield, Rocket , Lot SQFT: 113256sqft , Built in  2007 , Style: Spanish

$374,990.00 ($130.00/sqft) Windermere Single Family For Sale 4 beds, 3 baths, 1 half baths, 2876 living sqft View Full Details Photos Make Offer Request Showing Save ListingAsk Question

ROLLOVER TO VIEW 9 PHOTOS MLS #O5099601 Source: My Florida Regional MLS | 6240 Roseate Spoonbill, Spanish, 4 beds, 3.5 BA, This home has a ton of... 6240 Roseate Spoonbill Windermere, FL 34786 Price reduced $429.00 since 5/8/12, NOW $374,990.00 | This home has a ton of curb appeal with a stone exterior and tile roof on an oversize lot. Nice interior features include a guest suite with full bath on the first floor, den, open concept kitchen overlooking the family room and dining room, ... Low interest financing available. Get Pre-Qualified Top Features: for sale, new construction , Subdivision: Windermere Landings , Lot SQFT: 9034sqft , Built in  2012 , Style: Spanish

$198,000.00 ($87.00/sqft) Longwood Single Family For Sale 4 beds, 2 baths, 2266 living sqft View Full Details Photos Make Offer Request Showing Save ListingMapAsk Question

ROLLOVER TO VIEW 12 PHOTOS MLS #O5087405 Source: My Florida Regional MLS | 105 Pytchley, Home For Sale, Wekiva Hunt Club 1 Fox Hunt Sec 1, 2 bathrooms 105 Pytchley Longwood, FL 32779 Price reduced $12,000.00 since 2/22/12, NOW $198,000.00 | Wonderful Four bed - Two bath home in highly desireable Wekiva Hunt Club - Located in "A" rated Lake Brantley schools, this move-in ready Wekiva home is on a cul de sac and a quick walk to Wekiva Elementary. Wekiva is a golf community with ... Low interest financing available. Get Pre-Qualified Top Features: for sale , Subdivision: Wekiva Hunt Club 1 Fox Hunt Sec 1 , Lot SQFT: 10888sqft , Built in  1976