Lake Nona ‘Medical City’

From Orlando Sentinel

Next month, officials will dedicate the Burnham Institute for Medical Research, crown jewel of the medical city emerging in southeast Orlando. Come spring, the new building for UCF’s College of Medicine will open there, too.

Deed in Lieu of Foreclosure

For a homeowner who is in default and wants to avoid foreclosure proceedings, a deed in lieu of foreclosure is a deed instrument where the homeowner conveys all interest in their home to their lender to satisfy their home loan.

This kind of transfer offers several advantages to both the homeowner and the lender.

The principal advantage to the homeowner is immediate release from most or all of the personal indebtedness on their defaulted loan. Also, the homeowner avoids the public notoriety of a foreclosure proceeding, may receive more generous terms than in a formal foreclosure and may cause less damage to their credit than in a formal foreclosure.

The advantages to a lender include a reduction in time and cost of repossessing the defaulted home and lower risk of intentional property damage caused by the homeowner.

Halloween Events in East Orlando

Free Halloween events for your enjoyment…

Avalon Park Avalon Park Spooktacular Fri, Oct 30

Costume parade, haunted house, bobbing for apples, pumpkin carving contest, trick or treating Fri 5pm to 9pm
Haunted house Fri & Sat 6pm
Downtown Avalon Park, Orlando
more info

Waterford Lakes Haunted Halloween Sat, Oct 31

Mall-wide trick or treat activities 5pm to 7pm
Costume contest in front of Regal Cinemas 6:15pm
Waterford Lakes Town Center
413 N Alafaya Tr, Orlando

Lake Nona Trunk or Treat Spooktacular Fri, Oct 30

Trick or treat activities 5pm to 7pm
Costume contest 6:30pm
Lake Nona YMCA
9055 Northlake Pkwy, Orlando

New Avalon Park Security & Safety Center

From insighteastorlando.com

East Orlando has a new safety feature located in Avalon Park. The Security & Safety Center located in Avalon Park’s Founders Square is now open and will be used for meetings and briefings by law enforcement personnel as well as private community safety officials.

How to Land a Foreclosure House

From wsj.com

Buying a foreclosure home often is appealing to house hunters trying to stretch their dollars, but finding a good one can be a challenge.

Alafaya Extension 'Road to Nowhere' No More

From Orlando Sentinel

A new one mile connector road will give residents a route south to 528/Beachline in about a year.

Mail Away Closing

In a ‘normal’ market, buyer and seller come together for closing at one location – the local title company’s office. However in today’s market, it is now the norm for buyer, seller and the title company to be located in three different states - particularly with distressed home sales (bank foreclosures and short sales).

To accommodate this kind of closing, the title company will conduct a ‘mail away’ closing, which generally follows these steps:

- Title company prepares the closing documents one or two days in advance of the closing date.
- Closing docs are emailed to a local closing agent near the buyer/seller.
- Closing docs are printed by the closing agent.
- Closing agent arranges a time and location to meet the buyer/seller in person for signatures.
- Closing agent walks the buyer/seller through the closing packet and answers any questions.
- Closing agent overnights the original signed docs back to the title company.

Are Distressed Homes Worth It?

From wsj.com

Home buyers are finding that the battered real estate market offers just as many opportunities for headaches as for bargains.