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Dr Phillips Real Estate Prime for Early Birds

When it comes to investments I typically go back to the Guru of investments Warren Buffet and his philosophy "Buy fear Sell greed&quo...

Thursday, March 21, 2013

3 Steps to Tackle the Foreclosure Crisis in America

By Sarah Parr

RealtyTRAC recently reported that the total number of foreclosure-related legal filings increased 3 percent from January to February of this year. Although foreclosure activity is still down 25 percent from a year ago, the reality of distressed homeowners who are struggling to pay their mortgage still exists. One in 842 United States’ housing units faced a foreclosure filing last month.

State governments and loan servicers can relieve homeowners of the worry and anguish the threat of foreclosure causes by providing the following solutions.

Better communication

Contacting a lender or loan servicer can be difficult. Borrowers frequently discuss their mortgage with many different people when they contact their loan provider, leading to mixed-up communication. Often, a homeowner must explain his or her circumstances during every phone call, or important paperwork goes missing. Some homeowners report that they have faxed the same document dozens of times to different people working for the same company. A single point of contact for each borrower would solve the problem of jumbled communication many homeowners face.

Fewer backlogs

With some of the lengthiest processing periods, foreclosure documents in states that handle foreclosures solely judicially push through the courts slowly. Florida foreclosure lawyers file documents that take nearly 29 months to process, compared with the nation’s average of 13 months. This creates a buildup of cases for attorneys and courts and more ambiguity for homeowners. States that handle cases through administrative processes in addition to judicial-foreclosures see shorter processing times for foreclosure-related filings.

Homeowner protection

A few states, such as California, have passed homeowner bill of rights measures to protect homeowners and further regulate the mortgage and housing relief industry. California’s law prohibits a few practices associated with predatory lending: “dual tracking,” which is when a lender continues a foreclosure process even if the borrower is applying for a loan modification, and “robo signing,” a term describing the robotic signing and production of falsified mortgage documents. California’s law also mandates that lenders provide a single person of contact for the borrower, and gives the borrower the power to sue for significant violations of the new laws.

California has seen a 7 percent reduction in foreclosure activity since its bill of rights law went into effect on January 1. If more states passed similar laws, the U.S. could see a steady decline in foreclosures.

Friday, March 8, 2013

Top 5 Dr Phillips Communities showing Value

Dr Phillips real estate has made a case this past year making a strong market rebound and has stopped the declining home values that its seen the past 6 years. Basic economics is gradual decrease in price until value returns and that's exactly what has happened in this sought after Orlando market.

Here are 5 communities in Dr Phillips that are showing the best value in today's real estate market that every buyer should take a hard look at. The criteria used was list price compared to recent sold homes, overall curb appeal and desirably of floor plans, upgrades and location.

# 5 Dr Phillips Bristol Park -

An established neighborhood that offers residents a peaceful place to live, winding roads, towering trees and walking distance to Award winning Bay Meadows Elementary school. Bristol Park is surrounded by Multi-Million dollar homes which only helps values now and in the future. 
During the recent real estate crash Bristol Park saw drastic declines in value like pretty much every other community in the US but the number of homes on the market at any one time has always been few and far between.

# 4 Dr Phillips New Parkside community -

Normally new homes are not the best deals available but with Dr Phillips being more of an established community new homes here are a welcome and hot commodity.  Formally called Kerina at Parkside, Parkside will be located off of Apopka Vineland Road and Buena Vista Woods.  Built by Meritage Homes, Parkside will featured Mediteranean style homes with Tile Roofs and brick paver drives.  For a new home in Dr Phillips under $500,000 Parkside gets ranked number 4!

# 3 Bay Vista Estates -

Home buyers searching larger lot sizes in Dr Phillips and staying in the $300.000's may be pleasantly surprised with what Bay Visa Estates has to offer. While most home sites are between the quarter to half range, in a sought after community like Dr Phillips that's not bad in the 300k price range.  Tall trees and winding roads make up this park like setting community and located right off Apopka Vineland everything is within a 5 mile range.  Homes are on the older side built in the late 1980's but for the opportunity to find a remodeled/upgraded home it's well worth the search.

# 2 Reserve at Cypress Point

With only 4 homes sold the past 12 months the Reserve at Cypress Point is a quiet little niche community located in Dr Phillips.  A private gated community or I should say two private gated communities that form the front access to Cypress Point and Million dollar lake front properties.  Reserve at Cypress Point are custom/semi custom homes featuring 3,000 plus square feet averaging more in the 4,000 range and prices starting in the high 500's to $800,000's.  Built in the early 2000's Reserve at Cypress Point homes feature open floor plans and volume ceilings. 

And for our Top Ranked community in Dr Phillips and past winner we would like to present...

# 1 Phillips Landing -

Phillips Landing consist of three subdivisions, Heritage Bay and Bay Harbour are the gate keepers at the front of the community to The Estates at Phillips Landing and some of the most sought after lakefront properties in Orlando, Florida.  A guard gated community Phillips Landing's Heritage Bay and Bay Harbour feature tile roofs and brick paver drives.  Home prices start in the 400's and into the $600,000's.  The Estates at Phillips Landing features custom built homes with some of the most dramatic Floridian architecture around.  From Stone and marble front elevations to circular drives, you feel you are some place special when driving though the Estates at Phillips Landing.