For the month of June, Orlando was once again included in RealtyTrac’s list of metro statistical areas with the highest foreclosure rate nationwide. The Orlando MSA was at the eighth position with 37,352 filings during the first half of the current year. The figure is equivalent to one foreclosure filing for every 24 households.

Compared to the first half of 2009, which recorded 37, 801 foreclosure filing and to the second half, which recorded 43,322 filings , the 2010 figure is about 13.8 percent less than the latter.

In Lake County, foreclosure filings declined by 35.3 percent for June to 705 versus 1,090 last year while Seminole County filings declined by 27.3 percent. On the other hand, Orange County foreclosures were up by 25.9 percent as well as Osceola County filings which were 24.1 percent more than June 2009.

Nationwide, Florida is at the number three position among the states with the highest foreclosure rate, with one filing for every 32 homes during the said period.

If you are a homeowner who is having mortgage payment problems and would not want to become one of the statistics, it is about time you consider an Orlando short sale. True, deciding on this option is probably not the easiest part but with the help of a short sale expert, the chances your lender will accept your proposal is better.

Having a short sale Realtor at your side will surely be advantageous especially if you consider the documents you have to prepare, the negotiations — not only with the lender but also with the buyer — and of course, the waiting game. You will certainly appreciate the experience and the skills your Realtor have acquired over the years when problems involving your Orlando short sale proposal arise.

Reference: http://orlando.bizjournals.com/orlando/stories/2010/07/12/daily32.html