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Real Estate Foreclosures Orlando News

Homebuilders Revive Stalled U.S. Projects as Banks Unload Lots

Construction crews are returning to the Cascades of Groveland, a gated 55-and-older community west of Orlando, Florida, almost three years after its bankrupt developer left owners of the existing 238 houses surrounded by empty lots, partially built homes, and an unfinished clubhouse.

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Homebuilders revive stalled projects

Developer buying lots from banks at half price of original cost

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Foreclosures driving down property values

Romy Fernando wants to sell his house in Grant so he and his wife can move to a condo in Orlando, closer to their son. But he has lots of competition, including 18 short sales or foreclosures listed in his neighborhood.

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Housing Inventories Rise for Eighth Straight Month

Housing inventories rose in many U.S. cities for the eighth straight month in August in a sign of the continued headwinds facing a soft housing market.

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Foreclosures

These are mortgage foreclosures filed with the civil division of the Circuit Court for Jan. 19 through Jan. 20. Names in bold are the subject of, or have an interest in, the foreclosure action. Lighter names filed the foreclosure action.

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