Even though Orlando ranks as the 2nd in the U.S. for foreclosures, real estate is seeing a positive bounce back. According to an Orlando Sentinel article, “In October, Orange, Osceola, Seminole and Lake counties had 433 new foreclosure actions, which was a 13% decline from a year earlier.”

The good news is that the Orlando housing marketing is making its way back to “normal”. Other Florida areas saw as much as 25% decrease in foreclosures when compared to last year. During the recession, homeowners left behind vacation homes that are now seeing bounce backs as tourists begin to make their way back to Orlando & coastal areas for vacation.

While foreclosure actions can vary depending on the court staffing, a decline in foreclosures can indicate positive notes for the housing market.

Whether you are looking at purchasing a new home, building a home, or purchasing a foreclosed property, Real Estate Closing Solutions is here to help you with all of your title & escrow closing needs.

With two locations in and around Orlando, we can serve your needs. If you have questions about our services or the home that you are purchasing, contact us today.