The following counties are included in the metro Orlando area foreclosure figures for 2008:
So, do you think now is a good time to purchase a home?
The Orlando Regional Realtor Association is showing that inventory has dropped slightly in the last year from 24,298 in December 2007 to 22,524 in 2008. During that same time period homes under contract more than doubled with an increase from 1,559 in 2007 to 3,265 in 2008.
What has your experience been with this foreclosure market? Are foreclosed homes difficult to get under contract? Have you personally gone through the foreclosure procedure? Any tips or advice you can share? Post your comments below.