The condo is located in the Caribe Cove condo-hotel community which is located minutes away from Walt Disney World, shopping, dining, golf courses and a short drive to Universal, Convention Center & Downtown Orlando.

Caribe Cove is a gated community and offers a recreation building, fitness center and community pool. The community also has a management company on site.

The condo has 3 bedrooms, 2 baths, fully furnished with a screened, private balcony and a view of the pond and conservation area.

The condo was listed for $114,900 but after Albert’s negotiations sold for $105,000.

If you are looking to invest in Florida and are looking for a great investment property near theme parks area, contact Albert Stimer.

When you see news about a difficult Orlando real estate market, what that really means is that prices are very low. As a buyer, that means the housing market is perfect. You can probably find a home at a price you can afford right now, and you may find that your mortgage payments will be less than any rent you are currently paying. In addition, because the market is somewhat flooded with homes that are not selling, that means you’ll have great selection. You can take your time and find just the right home for you and your family, because there’s probably the perfect house for you for sale right now.

In addition, the Florida real estate market is always a draw for investment. Because so many people retire to Florida, you can be sure that as the baby boomers retire the market will go up. The next ten years will see the entire baby boomer generation retiring, which means that the population of Florida is going to rise. The Orlando real estate market will benefit, and so will you if you buy now.

Add to all those factors the incentives that local, state, and federal programs are putting into the tax code and you’re looking at an excellent Orlando real estate market for buyers. You can get tax credits at both the state and federal level. The Orlando real estate market is bad for everyone except buyers right now. Take advantage while you can.

The condo is located in the Caribe Cove condo-hotel community in Kissimmee, Florida.

Caribe Cove is a gated community and offers a recreation building, fitness and community pool. The community also has a management company on site.

This Kissimmee condo has 3 bedrooms, 2 baths, fully furnished with a screened, private balcony and a view of the pond and conservation area.

The condo was listed for $114,900 and was sold for $105,000.

If you are a foreign investor and you are looking for an investment property, contact Albert Stimer.

Many homeowners are unaware of its existence or the fact that it is expiring on December 31, 2012. Mortgage Forgiveness Debt Relief Act applies to debt relief “forgiven” between January 1, 2007 and December 31, 2012 and it doesn’t look that it will be extended.

The Act is important for homeowners facing foreclosure and homeowners doing short sales because:

When you, as a homeowner, do a short sale for example, your lender “forgives” you the difference between your mortgage and what the house sells for. Ordinarily, that forgiven amount is taxable. However under the Act, the forgiven amount that would be ordinarily taxable is eliminated.

Here are some caveats that come along with this Act:

The forgiven debt must be related to a principal residence. You must have lived the last 2 years out of 5 in the residence.

The total amount of the debt can’t exceed the borrower’s original mortgage loan… plus the cost of improvements made to the home.

You must report the forgiven debt to the IRS. Talk about this with your tax professional.

Visit the IRS site for information on the Mortgage Forgiveness Debt Relief Act, which can be found on the IRS’s website.

Towns Realty have helped hundreds of homeowners short sale their homes and avoid foreclosure.  To name just a few lenders that we have worked with: Wells Fargo, Wachovia, Bank of America, Chase, Washington Mutual, EMC, Citi, GMAC, Indy Mac, Suntrust etc.

We successfully close our short sale listings and we never give up. We always try to get the best outcome for our client’s short sale.

Our services are completely free to all home owners; your lender pays our fees, as well as all traditional sellers closing costs!

Call Towns Realty today to discuss your particular situation. We will here to answer any of your questions and help you with the short sale of your Florida property.

Towns Realty have helped hundreds of homeowners short sale their home and avoid foreclosure and our clients’ testimonials are excellent. To name just a few lenders that we have worked with: Bank of America, Wells Fargo, Wachovia, Chase, Washington Mutual, EMC, Citi, GMAC, Indy Mac, Suntrust etc.

Our short sale knowledge is great and our success is due to persistence and commitment to your clients.

Our short sales are successfully closed and our secret is that we never give up and we always try to get the best outcome for our client’s short sale.

Our services are completely free to all home owners; your lender pays our fees, as well as all traditional sellers closing costs!

If you are in the situation where you need to short sale your home in Davenport or Kissimmee, please contact us. We would be more than happy to help you with the short sale of your Florida property.

If you own a property in Florida either as a vacation home or as an investment home and you can no longer afford it, short sale may be the best option for you to avoid foreclosure.

Towns Realty has closed hundreds of short sales and we are very knowledgeable in the short sale field. We have excellent client testimonials and worked/negotiated short sales with many lenders. To name a few: Bank of America, Wells Fargo, Suntrust, PNC, Wachovia, many Credit Union Banks, Chase, Washington Mutual, EMC, Citi Mortgage, GMAC, OCWEN, AHMSI, etc.

Even if you received a notice from your lender of Lis Pendens and you are behind in your mortgage payments, a short sale is possible.

Our services are completely free to all home owners; your lender pays our fees, as well as all traditional sellers closing costs!

Please give us a call today to discuss your particular situation and see how we can help you with the short sale of your Florida property.

This home was a beautiful pond frontage home with 4 bedrooms, 2.5 bath with fenced yard and in great condition.

Sellers had to relocate out of state due to job relocation and weren’t able to keep the home. The mortgage on this property was $185,000.

We listed the property on November of 2011 and received an offer on the property within a month. Short sale approval was received within 3 months. The property was sold for $105,000.

Sellers were forgiven the remaining balance of the loan, a full deficiency waiver and were very happy with the short sale outcome.

The secret to successfully closing short sales is to never give up and do your due diligence on the file.

Knowledge in short sales, continuing to improve your short sale knowledge and staying on the top of the file from the beginning of the process to the end of it; is what makes Towns Realty successful in short sales.

Success is due to persistence, knowledge and commitment to your clients.

Now, on to the next successful short sale closing…stay tuned

A short sale is when you attempt to sell your house – and the purchase offer based on market values is less than what you owe on your mortgage.

When you think about hardship of average consumers losing their jobs, it is just the same for the average investor whose only source of income or the primary source of income is and was their investment properties.

With the massive inventory of vacant homes and condominiums in Orlando and the surrounding areas in Central Florida it is safe to say that investors are experiencing hardship as well. Lenders know this.

The typical rental home or condominium isn’t worth what it used to be, and it is a renters market out there. Short sales properties and bank owned are saturating the market, making it tougher and tougher to rent for what you owe, or come even close.

All  short sale cases ( with hardship ) are workable, so don’t shy away from a short sale if the property you want to sell happens to be an investment property or a second home, these are all viable and workable short sales. Again, hardship is the key.

Towns Realty is a short sale specialist in Central Florida – Please give us a call to determine your options free of charge.

What is interesting it is not the number of distressed sales, but a shift  in Florida at the end of 2011 toward more short sales and fewer sales of bank-owned homes.

A short sale is when a lender agrees to take less for a home than what is owed on the mortgage, while a bank-owned sale is of a foreclosed home that has been reclaimed by the lender.

In Florida, short sales were up 3 percent in the fourth quarter of 2011 compared with the same time in 2010, while bank-owned sales were down 32 percent.

The banks know they lose less money through a short sale then a foreclosure. In a short sale they don’t have to spend money to get the ownership of the home, they are not responsible for the maintenance of the home and there is no positive profit involved in having a home foreclosed. For banks, it’s all about cutting losses.

Banks are now dangling incentives in front of homeowners to make a clean getaway, rather than drag out a long foreclosure.

It looks like 2012 will be the year of the short sales and maybe the next year as well.