Powered by Orlando Hub RealEstate
Downtown Orlando Condos For Rent Downton Orlando Condos For Sale Sell My Downtown Orlando Condo

Bank Owned Foreclosures in Downtown Orlando Starting at $50,000

Written by: Jake Johnson

by Jake Johnson

Developers and even individual owners simply cannot compete with the prices banks are offering on their foreclosed condos for sale. I have an 1,800 square foot 2 bedroom condos in Star Tower that were sold by the developer for over $500,000 asking $244,000! I have a 1 bedroom at The Grande for sale on foreclosure with over 700 square foot for $69,000. I also have 2 bedrooms at The Waverly on Lake Eola for $230,000, 1 bedrooms on REO for sale at Solaire for $119,000, and routinely get foreclosure listings in Park North and Uptown Place under $70,000 for one bedrooms and $115,000 for two bedrooms. The problem is that these prices are so cheap that investors and buyers usually have them under multiple offer situations, with the bank accepting each bidders highest and best offer within 2 weeks of listing the property for sale. This is why buyers should be working with a licensed Realtor who specializes in working with banks on foreclosures, to ensure you submit a strong offer that will be accepted, and make sure you protect yourself against their contracts. DowntownORL is backed by the power and training of Orlando Hub Real Estate, and has all of the resources needed to get you into your new home. Contact us today for a list of foreclosures for sale.






Post a comment