The luxury real estate market in Orlando has some good news and bad news. Bad first: the city has more luxury real estate foreclosures than anywhere else in the country. The good news: There are a number of foreclosed on properties that you might be able to land an incredible deal on.

While foreclosures are down, and the housing market continues it’s long slog back to sustainability, one report features a Florida city as the #1 location for luxury home “walk-aways”.

A study published by Realtytrack, shows that the Orlando-Kissimmee area is number 1 in the country when it comes to foreclosed homes priced 5 million dollars and higher. Miami-Ft Lauderdale was 2nd.

In total 12 properties were foreclosed on. Read More