On Monday March 29, 2010, Rock Springs Realty, Apopka, FL was pleased to announce that it had successfully closed on a Bank Owned Foreclosure in the Timber Point Community of East Orlando.

This 3 bed, 2.5 bath (built in 2005) townhome was in great shape and offered at a fantastic price by Fannie Mae (http://www.fanniemae.com). While only on the market 17 day, Joe Bornstein, Broker/Owner of Rock Springs Realty said, "my customer had been looking at many of the available units in and around the Avalon Park area and the University of Central Florida. When we came across this unit, it really stood out as a strong buying opportunity. Originally priced at $91,900.00, my customer offered $94,900.00 to successfully win the multiple offer bidding. We were also able to negotiate with the Seller to pay for most of the Buyers closing costs. Regardless, the unit ended up selling for $62.97 per square foot which is a great price taking into consideration the original selling price four years ago of $174,000.00".

Timber Pointe is located in Avalon Park near the Waterford Lakes shopping and dining district. In addition, it is located just minutes away from the University of Central Florida (http://www.ucf.edu) and Valencia Community Colleges (http://www.valenciacc.edu). 

If you would like more information regarding buying bank owned foreclosures throughout the Central Florida area, please contact Joe Bornstein, Rock Springs Realty (http://www.rockspringsrealty.com) or call us toll free at (877) 333-2811. You can also email to joe@rockspringsrealty.net