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Buying Florida
Buying - Selling Bank REO Bulk Tapes and Foreclosure Property
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      Buying Florida works with Banks and Wholesalers of Bank owned and Foreclosure Property in Orlando and other parts of Florida. We also have access to Bank Tapes for other areas of the US. Buyers are faced with an incredible opportunity to purchase property at prices not seen for many years.

    If you are looking for one home, or are an investor or fund manager looking for many discount priced homes, contact us now!
         
             
           
  • Welcome to Buying Florida
    Looking for Foreclosures or bank owned properties? Call us now.........
     

     Buying Florida has been in the Vacation/Holiday home market for 15 years in Central Florida and has been selling homes to the British and world wide market since the mid 80's. We work with all the major builders in the Disney area where the Short term rental communities are built. Most are minutes from the theme parks and if properly managed can produce an income to help off set the running costs of owning a vacation home in this area. We can help right from the very begining, arranging flights and accomodation, meeting you at the Airport and once rested, showing you a selection of whats available in this amazing "Great time to buy? market.

     
     
    Buying Florida also works with Banks and Wholesalers of Bank owned and Foreclosure Property in Orlando and other parts of Florida, Buyers are faced with an incredible opportunity to purchase property at prices not seen for many years. If you are looking for one home, or are an investor or fund manager looking for many discount priced homes, contact us now.
     
    What is REO Property?

    REO property stands for Real Estate Owned Property. Banks are typically the owners of REO properties. These properties are acquired by banks when a home goes through the foreclosure process. If a property is not successfully sold during the foreclosure process the bank takes possession of the property.

    How can an REO property be sold at a cheaper price than foreclosed property?

    First off, banks are not equipped to own property. Their business is to lend money not own real estate. The cost of a REO property can quickly add up causing a bank to lose money. The federal government penalizes the bank for each REO property it accrues. Since the real estate is a costly burden, the bank needs to sell and sell fast! More often than not the property is sold at a discounted price.

    What can Buying Florida offer their worldwide clientele?

    Simply put, EXPERIENCE. Buying real estate is stressful. First time buyers often have a million questions and the whole process is complicated, long, and confusing. The Buying Florida team has the experience to get the best quality at the lowest price. For you, this means the buying process is streamlined and you get a piece of mind, and that is the best value of all.

    Opportunity Knocks at Buying Florida’s Door
     
    CNNmony.com recently reported that NOW is the time to buy foreclosures. People all around the country are seizing the opportunity to buy. In fact, so many people want to get in on this buying opportunity real estate is selling extremely fast.  Vanessa Grout, VP for acquisitions at New Valley, a real estate investment fund, stated that in Florida there are so many buyers for foreclosure listings that real-estate investment companies, which had been snapping up properties, are now facing stiff competition.  With foreclosed real estate selling so rapidly, buyers are finding it difficult to make winning offers. 
     
    Finding a well established real estate firm that specializes in foreclosures and REO properties can help buyers get in on the action and buy real estate at a discounted price. Utilizing the services of a reputable firm, such as Buying Florida will allow a buyer to find their ideal property, at the right price, and without the hassle of dealing with the stiff competition. 
     
    Real estate businesses that have not long been in the practice of buying foreclosed property will not be able to withstand the competitiveness in the current market.
     
    NOW is the time to buy and the Buying Florida team has the experience needed to keep competitive while foreclosed and REO properties continually become available.  You as a buyer will get a great deal and you will not have to stand in line at the bank to place an offer on a home and worry that 10 other people are vying for the same property.  Opportunity is knocking in the real estate market, and Buying Florida has the key (literally).

     
    Stop Press

    Buying Florida was delighted to have been the sponsor for the Orlando Foreclosures Expo on February 7th and 8th. We look forward to the next Foreclosures Expo which is being planned for late 2009 or early 2010.

    The 2009 Orlando Foreclosures Expo Was a Huge Success! Read What People Are Saying.

    “I attended the Orlando Foreclosure Expo as an exhibitor and I was blown away at the professionalism of the event and the staff. I have attended many real estate type shows and the results yielded very little in the way of “qualified” leads. Most people were just kicking tires. This Expo was the exception. These people came to purchase. Our company got over 100 qualified and interested leads and the majority of the people were there for the right reason which translates into sales for people like me. In addition, the quality of exhibitors and speakers were amazing. I will be back again and I would urge you to do the same if you are interested in growing your business. Great job guys!” -Billy Cannon, Coast2Coast Investments

    "Thank you so much for everything,  Remember I want a booth in your next event!!!!!  So let me know when and where and I will send you a check!! Frank was out yesterday with buyers all say until 10:00 at night he got 3 signed contracts and he is out now with more buyers!!!  So it was a great success for us. Thank you. "
    -Angela Schifano, The Orlando Foreclosures Trolley

    "Julie and I would definitely sign to exhibit at the next Foreclosures Expo. You guys did a phenomenal job, everything was top notch. The response far exceeded our expectations. We left the event with the names and phone numbers of over 70 people that are interested in buying foreclosed property. Both Julie and I are booked for the next 1-2 weeks with appointments to show properties. We were even able to send a referral to the Real living office in Georgia for a person we met at the show who had some vacant land in Georgia that they needed to sell ASAP. Once again thank you so much for everyone’s efforts. Tell Phil he’s the man.
    -Chris & Julie Christensen

    "Making the decision to be one of the sponsors of the Orlando Foreclosure Expo was certainly a great decision for us. The event not only attracted a big number of attendees but also provided a great opportunity to network and make good connections in the industry. Anyone who wants to get into the foreclosure market or has a service to help clients looking for foreclosure should definitely look at exhibiting or sponsoring the next event. Moneycorp will be involved in the next one! Thanks to Phil and his team for a wonderful job. Thanks,"
    -Laura McLoughlin

    If you are looking to purchase one, or many Foreclosure or Vacation properties. contact us today.

  • Articles and PR (8)

    New York firm plans $500M, 1,400-unit resort near SeaWorld

    Posted by BuyingFlorida on 08-13-2009
    A New York firm has given the ‘go’ signal to develop nearly 20 acres near SeaWorld Orlando into a $500 million, 1,400-unit timeshare resort called Zena. Flushing, N.Y.-based developer Show-Lain Cheng, who last year got Orange County’s zoning and conceptual plan approval, on Aug. 4 authorized the development team to start on stormwater and architectural designs for the proposed Zena. Those plans could be done by mid-September and then submitted to the county for preliminary development approval, said Jim Hall, director of planning for planning consultant and civil engineer firm Vanasse Hangen Brustlin Inc. in Orlando. The project site includes two vacant parcels near I-Drive and Westwood Boulevard totaling about 19.2 acres, which Cheng’s 12020 International Drive FL LLC bought for $13.4 million in 2006, said Orange County records.   www.buyingflorida.com (Read More)



    Orlando July foreclosures up 37%

    Posted by BuyingFlorida on 08-13-2009
    The number of Orlando area houses in some state of foreclosure in July rose 37 percent compared to the same month in 2008, as fallout from the weak economy and depressed housing prices continued to spread. RealtyTrac , an online real estate listing business, reported 7,248 foreclosures in Orange, Seminole, Osceola and Lake counties last month, up from 5,286 a year earlier. The area had 6,667 foreclosures in June. Florida’s foreclosure volume was second only to California in July as 56,486 Florida dwellings went into foreclosure during the month, rising from 45,884 in July 2008, a 23 percent increase. Orange County had the greatest number of foreclosure activity in July with 4,150, 41.9 percent more than a year earlier. Seminole followed with 1,133, a 67 percent increase. Lake recorded 1,010 incidents of foreclosure activity, double the number last year. Osceola trailed with 955, 19 percent fewer than in July 2008. Nationwide, the flood of foreclosure filings continued as 360,149 default notices, … (Read More)



    The Prisoners of Drywall

    Posted by Joshernaut on 08-13-2009
    By M.P. MCQUEEN Shortly after buying their home in Cape Coral, Fla., in 2006, Keith and Denise Cramer noticed a peculiar acidic smell they thought was wet paint. The odor never left. There were other strange occurrences. Chrome-plated faucets and showerheads became pitted or turned black. The central air-conditioning unit faltered and failed. Their baby son, Gavin, suffered frequent ear and upper respiratory infections, and Gavin and Denise got rashes. The Cramers—along with thousands of other homeowners in Florida and elsewhere—now believe that imported Chinese drywall is making them sick and destroying their property. The drywall, which is used in walls and ceilings, is emitting sulfur-compound gases that homeowners have described as giving off a sour or “rotten egg” odor. Many blame the fumes for eye, skin and breathing irritation and nosebleeds, as well as the corrosion of copper pipes, electrical wiring and air conditioners. The Cramers say if government tests conclude the … (Read More)



    Florida bars Taylor Bean from lending

    Posted by BuyingFlorida on 08-10-2009
    Taylor, Bean and Whitaker Mortgage Corp. – one of the largest non-bank residential lenders in Florida – has been barred from issuing mortgages in the state by the Florida Office of Financial Regulation . The state agency released an emergency cease and desist order Aug. 7 against Ocala-based Taylor Bean, which has 30 offices in Florida. State residents in the middle of the application process should be placed with viable alternate lenders. “Our main goals in this order are to limit Taylor, Bean and Whitaker’s operation in Florida and to protect any Florida consumers who may have a mortgage application in the pipeline with them,” Acting office Commissioner Linda Charity stated in a press release. According to the order, Taylor Bean’s lines of credit have been suspended and it is not able to fund loans, including 60 that have closed. This week, the U.S. Department of Housing and Urban Development and the Federal Home Loan Mortgage Corp. banned Taylor Bean from selling and … (Read More)



    Azzouz avoids foreclosure on Veranda Park

    Posted by BuyingFlorida on 08-06-2009
    U.S. Bankruptcy Judge Karen Jenneman has given developer Kevin Azzouz nearly two months to finalize a plan to save a portion of his Veranda Park mixed-use development. Jenneman dismissed a motion Aug. 5 by Fifth Third Bank that would have ended the Chapter 11 bankruptcy case and allowed the mortgage holder to foreclose on the partially built Offices at Veranda Park 1500 building in the MetroWest development. Azzouz’s VP Phase IV and other related companies owe $15.3 million to Fifth Third Bank, which on May 7 filed a motion asking the judge to either allow the foreclosure to continue or dismiss the bankruptcy case. Fifth Third claimed VP Phase IV filed the petition in an effort to stop the foreclosure and that the single-asset entity had no reasonable prospects to reorganize under Chapter 11, the filing said. VP Phase IV filed its reorganization plan Aug. 4, which included seven classes of creditors, and now has until Aug. 14 to file its disclosure statement, which will specify how it plans to repay … (Read More)



    Colonial BancGroup posts $606M loss

    Posted by BuyingFlorida on 08-03-2009
    Colonial BancGroup reported July 31 a net loss of $606 million in the second quarter and the termination of a key agreement with a Florida mortgage company to provide $300 million in capital. The Montgomery bank's net loss for the second quarter is more than three times higher than the $168 million net loss reported in the first quarter. Besides the bad news of the loss, Colonial also reported the loss of a deal with Taylor Bean & Whitaker Mortgage Corp., which Colonial said fell through because it was still pending by the required close date of July 31. The bank had hoped the $300 million would help it reach eligibility for federal TARP funds, which would have boosted its capital. FBC Mortgage LLC and Securities Capital Holdings, both of Orlando, were part of the group that was led by Taylor, Bean & Whitaker. The deal called for the group to obtain 75 percent of Colonial's stock for its $300 million. Colonial is suffering under a big portfolio of bad real estate loans, many of them in Florida. In … (Read More)



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