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After dealing painfully with a large Orlando based law firm, that shall remain nameless but they go by 3 letters, we found Michael Kara and his AWESOME team! We had been trying for 2 years to get our home loan modified, but were unsuccessful. Finally we decided to go through with a short sale to get out from underneath our upside down mortgage. Michael and his team (Brittany, Teresa and Linda) walked us through the entire process step by step. Teresa even got us a full deficiency wavier. She is FANTASTIC! They returned all calls and e-mails the same day without delay. Kind, patient and sympathetic to all our questions and concerns. We really feel fortunate to have found this diamond of a group! We would strongly and without any hesitation recommend them to anyone looking for help with a traditional sale or short sale. You will not regret it!!!!!!
"Communication was great. Jacklyn was wonderful to work with. She was responsive and kept us up to date each week."
- Brooke, Short Sale, 11/3/11
“Bank of America made it very difficult for me to accomplish, but Kara Homes persevered.”
- Brian, Short Sale, 10/9/11
"The best communication skills! Working with Michael's staff will make you want to fire your own secretary because there are none better; Brittany & Jacklyn knocked it out of the park!"
- Joe, Short Sale, 5/10/12
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Foreclosures Resulted in Losses of $192 Billion in 2012

As the real estate market continues its recovery with rising prices and lowering foreclosure filings, it is difficult to ignore the impact of the last few years. A recent report found that foreclosures in 2012 resulted in a loss of $192.6 billion for American homeowners, a number that averages to about $1,700 per household for 114.7 million households nationwhide.

Short Sales Spike in Final Months of 2012

Short sales with homeowners behind on their mortgage payments saw a growth of over 22 percent compared to last year’s figures for the three-month period ending September 30th as reported by RealtyTrac. In addition, short sales for people who were up-to-date with their mortgage payments also increased by 17 percent.

Buyer Beware at Auction

It is an unfortunately common scenario. First-time auctioneers or those inexperienced with the process buy out an HOA foreclosure, not knowing that a much larger bank foreclosure is looming over the property. Quite often, the banks will not hesitate to foreclose on the new owners in a startlingly short amount of time.

Florida is Third Highest Foreclosure State

RealtyTrac reported that July was the third month in a row where figures showed an increase of foreclosure rates. This has been an unfortunate reversal in what had been up till then a year of steady decreases.


Dwight Howard Headed Out from Orlando

The Central Florida real estate market exploded today with the announcement that Dwight Howard was being traded to the Los Angeles Lakers, as everyone in Orlando collectively sighed, shrugged their shoulders, listed their homes and moved to Miami.

Signs Show that the Home Market is Improving

As an additional sign to recent information that the home market is improving, it is now easier to obtain a mortgage than it has been for quite some time.

According to a survey of bank lending standards conducted by the Federal Reserve, commercial banks have loosened restrictions on residential property loans in the second quarter in an effort to meet increased demand.

To be precise, just over 50 percent of bank officers that took part in the survey stated that they saw increased need for home mortgage loans in the second quarter, eclipsing the 30 percent mark set for the first quarter.

Bank of America Offers Relocation Assistance for Short Sales

Bank of America is offering a new relocation assistance program for borrowers who meet specific criteria in regards to short sales.

New Short Sale Requirements Spur Growth

Pre-foreclosure home sales make up 12 percent of all sales in the United States.

April Shortages Leads to New Demand

With mortgage rates dropping for the sixth week in a row, including a record low average of 3.67 percent on 30-year plans, as well as perceived expectations for an increase in home values in the immediate future, Americans are much more open to purchasing homes at this time.

Short Sales See Sharp Rise in First Quarter

Short sales were at a record three-year high this past quarter, with a growth of 25 percent over the last year. The Associated Press reported that short sales “make up the vast majority of homes sold while still in the foreclosure process.”

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