Downtown Orlando Condo Foreclosures
Search Bank Owned Foreclosures For Sale
For the past 5 years, the number of bank owned foreclosures in Downtown Orlando has been rising. This is a sign of the times, and Central Florida has been hit as hard as anywhere in the US. They say with every downfall comes an opportunity, and this time they were right. DowntownOrl has access to hundreds of bank owned foreclosures throughout Downtown Orlando. Values have fallen over 50% from their 2006 peaks, making now a great time to buy!
We can now offer our clients exclusive deals on REO condos, distressed properties, and even short sale condos in Downtown Orlando. Some properties may require a little TLC and be fixer uppers, but many condos are in pristine condition and are priced 20% - 30% below similar condos for sale by owner. The only drawback is that these foreclosure condos are priced so well that they are generally only on the market for a few weeks. It is not uncommon to have multiple offers on properties in Downtown Orlando's premier buildings within a few days.
Our best deals are on Orlando Homepath Condos, which are foreclosures owned by Fannie Mae that offer Homepath Financing. This means that even if there is no financing available in the condo building, Homepath financing through their government backed program is still available. Even better, Homepath Financing enables you to put as little as 3% down payment on the condo with 97% financing available to owner occupants, second home purchases, and investment condos.
For this reason, we require that you call us directly at (407) 353-0106 or fill out our contact form and specify that you are searching for a great deal on an Orlando foreclosed condo. This allows us to assign you to a certified Orlando Hub Real Estate agent that has relationships with the banks, and guarantees you get the best deal on a foreclosured condo. We look forward to hearing from you soon.
Some of our recent foreclosure selling prices include:
The Grande Downtown Orlando - 1,215 square feet - 2/2 on the top floor - Offered in short sale for only $159,000!
The Sanctuary Thornton Park - 2,005 square feet - 2/2.5 overlooking Lake Eola with 2 Parking Spaces asking $369,000!
Solaire at the Plaza - 728 square feet - 1/1 with Lake Eola views and 10 ft. Floor-to-Ceiling Windows at $175,000!
Star Tower - 1,758 square feet - 2/2 facing East with 10 ft. Floor-to-Ceiling Windows and a rooftop pool on the 20th floor at $294,000!
Uptown Place - 674 square feet - 1/1 with a balcony that offer views of the resort style pool at only $75,000!