Wednesday, July 11, 2012
Orlando Real Estate Distressed Sales Dominate January 2011 Sales
Orlando real estate sales continue to be saturated with bank owned homes and short sales despite a hold on foreclosures due to the robo signing issues. Orlando is ranking at the top in distressed property inventory in the greater Orlando area, comprising of 5 counties, where 71% of the housing inventory is either owned by a bank or in short sale position. This is still a conservative number as some real estate agents may not report the bank owned properties in the MLS. There are a total
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