Credit or foreclosures? Orlando in a mess?

Credit or foreclosures. Which is having the greatest effect on downward pricing of homes in Orlando 

I think the answer is both.

For the very low and high end of the market, I would say that foreclosures are having a bigger effect on the downward slide.

For the middle market, I would say that the availability of credit is having the biggest impact.

So what can we do.

1. Buy REO's from the bank at massive discounts

2. Buy on terms, owner financing, from the sellers.

These are the only logical choices in my mind today.

I still want to buy and sell homes in Orlando, Fl, but I just have to be more discriminating.

If you have a house for sale in Orlando and are willing to finance for 7 years, then I will buy it from you.