Dr Phillips Foreclosure Property For Sale Near Orlando FL
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The economic crisis has taken its toll all around the world. In the Florida real estate market, an increasing number of homeowners have unfortunately defaulted on their mortgage payments and their properties have been forced into foreclosure. While this situation is regrettable, the recent surge in undervalued Dr. Phillips foreclosure property has piqued the interest of many buyers and investors.
Regardless of why a homeowner falls behind with their mortgage payments, it is very unfortunate. When a loan is defaulted on and a lender is forced to move forward with foreclosure, this is always done reluctantly. A lender is ill prepared to keep real estate on their books and always try to avoid foreclosing on any home. It is simply not part of their core business to maintain real estate. No matter how attractive a Dr. Phillips Real Estate might be – for a lender it is necessary to move this property off their books as soon as possible. The auctioning off of foreclosure homes at significantly reduced prices is the result of this situation.
A homeowner who is at risk of foreclosure can try to avoid this happening by attempting a short sale. A short sale is a situation where the homeowner, with the approval of the lender, sells the property for a price less than market value. When a short sale is not possible, a home becomes a Dr. Phillips foreclosure property and it is likely to be auctioned off by the lender.
Navigating the Dr. Phillips foreclosure property market can be difficult without a professional partner. Contact Wendy Morris Realty to learn more about what a Dr. Phillips Realtor®. can do for you.
See more properties for sale below
$23,000.00 ($23.00/sqft)
Orlando Single Family For Sale 3 beds, 2 baths, 1000 living sqft
Back on market!!! **great 3/2** renovations completed;ceramic tile, new paint, ect!!! **wonderful opportunity for first time buyers or investment property!! inspections done-below appraisal!!!**
Short Sale; House is located in desirable neighborhood. close to bus line and good schools, like Dr.Phillips High School. Close to shopping center as well.
Short sale- active with a contract -- 4/2 split plan home on an over sized corner lot. has screen enclosed patio and pool with huge fenced back yard. large living room has a wood burning fireplace, eat in kitchen and separate dining room. all ...
If you have been hunting for a wonderful open floorplan with ton''s of living area this one is for you ! stop everything and go check this one out before it belongs to someone else. great location close to everything but still in a quiet neighborhood. ...
Short Sale 3rd Party approval required. This 4 bedroom, 2.5 bath home is located in the heart of Dr. Phillips district. Split level home with the garage on the lower level and the living area on the upper level. High ceiling living room with ...
Price reduced $15,000.00 since 10/15/11, NOW $183,000.00 | Short Sale! Charming Dr. Phillips home with a sparkling swimming pool, slide and spa all in screened enclosure. Fantastic split floor plan with spacious bedrooms.
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The source of the listing data is as follows:
My Florida Regional MLS (updated 2/4/12)
