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September 8th, 2008 10:01 AM by David W. Welch
You don't need to go much further than zip code 32824 and 32837 to find a lot of the foreclosure deals in Orlando. This area south of Orlando makes up about one in seven foreclosures and other distressed properties in Orange county. As of this morning there were just over 500 properties listed at pre-foreclosure, in foreclosure or bank owned property. About 40% of the properties listed in the 32824 zip code are listed in one of these categories. There are probably others listed as corporate owned, or short sales that are not in the foreclosure process yet. A couple other zip codes to take a look at are 32828 and 32832. I believe those areas will probably recover faster because of their proximity to the new bio med community and innovation way east of Orlando.
www.DavidWelch.com, Orlando Real Estate Blog
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