Buying Short Sales & Foreclosures

Currently, close to 50% of all real estate sales in the Orlando market are either bank owned or distressed properties. In Florida, the foreclosure rate is the second highest in the U.S with one in every 135 homes targeted for foreclosure. These sales are driving down home values to levels below what many currently owe on their mortgage or mortgage's.

As Certified Short Sale Professionals and experts in the Central Florida market, Premier Realty Partners - Short Sale and Foreclosure Division can help guide you through the process of buying or selling short sale properties.

Many of the homes currently for sale are being offered for less than their underlying obligations, which qualifies them as a "short sale". Given the vast number of available homes in this category you can find them in just about every community in Central Florida and at all price levels. The homes currently available are either "short sale approved" or "requires third party, lender approval". As a buyer, when a property is "short sale approved" this allows for a more standard purchase time frame and process since the lender has already agreed to accept an amount less than what is owed as a settlement and for that amount they will transfer the property to the new buyer. In the event that the property "needs lender approval" the process can take more time and many variables come into play from the value of the property and current loan amount to the seller's ability to pay the outstanding obligations and the offer being presented. We can help guide you through both of these processes and make it an easy and informed transaction, helping you find a property that meets your criteria and at a price that works for you.

Through our vast network, strategic alliances and other avenues we can also assist in finding a bank owned property that meets your criteria. A bank owned property is one that has moved through the foreclosure process and the property is now in the hands of the original lender. Lenders do not want to own these homes and need them sold quickly which presents a great buying opportunity for those first informed of their availability.  Click the link below to view all of Central Florida's short sale and bank owned properties.