In May, Orlando foreclosure filings were 21% lower than the previous month and 43% lower than the same time last year, according to RealtyTrac.com.
Orlando Foreclosure Geographical Comparison
Orlando foreclosures were 0.09% above national statistics, 0.06% below Florida figures, and 0.01% below Orange County numbers in May 2015.
Orlando Foreclosure Status Distribution
The current distribution of foreclosures based on the number of active foreclosure homes in Orlando, FL.
Pre-foreclosures accounted for 16.6% of the foreclosure activity in May, Auctions were 34.8%, and Bank-owned properties were 48.6%.
Orlando Foreclosure Activity by Month
In May, the number of bank-owned properties decreased 10.7% from the previous month and 4.8% from the previous year. The number of auctions decreased 40.1% from the previous month and 67.3% from the previous year. Pre-foreclosure activity increased 18.8% from the previous month and dropped 13.6% from the previous year.
Information courtesy of Orlando Realtor Teri Isner, Orlando Avenue top Team.
Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.
You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently. You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.