The economic slowdown has also caused a major mortgage crisis in the city of Orlando. As a result, a large inventory of Orlando foreclosures has begun to accumulate. Orlando foreclosures are cheap – almost 10-50% cheap compared to the open market and they have the best locations and properties to choose from. Most of Orlando’s foreclosures are located downtown, where property prices were once untouchable.
Thus, through Orlando Foreclosures, you can realize your dream of staying in this city. Because, Orlando is nothing short of a dream land; moreover, for the following reasons:
o This high-tech city, formerly famous for its citrus-growing farms, is also world-renowned for the Walt Disney World resorts.
o Orlando is home to over 150 international companies from over 20 different countries. This could interest potential investors in Orlando Foreclosures.
o The city’s economy is balanced on two strong pillars – technology and tourism.
o The technology industry, worth about $1.3 billion, employing about 53,000 people, is the strength of the economy. It diversifies into several subcategories like: nanotechnology, digital media, aerospace, and software as well. Therefore, it provides Orlando foreclosure investors with a clear picture of the various career opportunities available in the city.
o Tourism, on the other hand, thrives thanks to the world-famous attractions the city has to offer in the form of: Walt Disney World Resorts, The Sea World Orlando, and The Universal Orlando Resorts.
o The seventh largest research park in the country is also located in the city. It attends the research demands related to the simulation of the nation’s defense forces. More than 120 companies, employing 8,500 people, are located within this park.
o Orlando foreclosure buyers should note that job and business opportunities are ample in this city, as it also has a budding film, television and gaming industry, growing at a rapid rate thanks to Disney’s Hollywood Studios and Universal Studios.
o There are two non-profit hospitals also in Florida. These are: Florida Hospital and Orlando Health. Florida Hospital is famous for its stroke facilities around the world.
o It is the fastest growing retail market in the United States, with malls such as -Orlando Fashion Square, Festival Bay Mall and The Florida Mall, as its main attractions.
o In addition to the various private universities, the city of Orlando has the famous University of Central Florida. This university has had the highest number of student enrollments in the entire US Therefore, education should not be a concern for the Orlando Foreclosure investor.
When a city promises so much, it’s best to invest in these great foreclosure opportunities and live your dream.