Phoenix foreclosures are no longer just in risky neighborhoods. The foreclosure crisis has hit all sorts of homes in all types of areas. Pre-foreclosure, many homeowners and developers are willing to negotiate with a buyer/investor. If they can walk away with a little cash and satisfied liens, and you have a property for less than the market value, it can be a win – win proposition.

Phoenix lofts are a popular lifestyle choice right now. Whether built brand new, or converted from formerly commercial and industrial space, the convenient locations, ample space, soaring ceilings and light pouring in through large windows make an attractive choice, and are a magnet for urban designers.

In the downtown Phoenix Warehouse District, Stadium Lofts is located two blocks south of the US Airways Arena.

There’s been a lot of attention to nationwide foreclosures in the news lately. The number of foreclosures is up this month, and looks pretty drastic. This is partly because of the moratorium on foreclosures in December and through February, awaiting word from the White House on how the federal government would intervene. Now that the moratorium is over, foreclosed properties that were already set for auction have been again scheduled for sale, and now there is a backlog of them.

Good news for FHA loans! As of last week, there are new maximum loan limits that are available due to the American Recovery & Reinvestment Act. These new loan limits are for new and existing loan applications that are submitted with credit approval on or after March 12, 2009.

Here is a list of the 2009 FHA Maximum Mortgage Limits*:
$729,750 for one-unit properties
$934,200 for two-unit properties
$1,129,250 for three-unit properties
$1,403,400 for four-unit properties
These new limits open up the possibilities for many new buyers! Now lenders can go as high as a $729,750 …

With prices being pressured by auctions and foreclosures, it’s nice to know that your dollar buys value in a Phoenix condo. Let’s look at Palmaire in Central Phoenix. This mid 20th century apartment building has undergone a total conversion and upgrade. The result is hip, contemporary, and affordable.

You can get a great deal with a Phoenix foreclosure, but you have to be aware of a few things. Phoenix foreclosures are a great opportunity, but don’t go into the venture alone, especially if you are new to buying real estate.

Phoenix is now calling itself “Arizona’s Urban Heart”. And we at CondoDomain are proud to be at the center of this newly emerging city.A new light rail system, new restaurants, expanded convention center, and beautiful luxury Phoenix condos are just a few of the features that are putting our city on the map of sophisticated urban destinations. About those Phoenix condos – that’s where we come in.

Trovare Townhomes at Biltmore offers An enclave of beautifully appointed upscale Tuscan-style townhomes in a central location yet set back within a quiet mature residential neighborhood.
Trovare Townhome were Completed in 2003 and range from $600-900K+
Trovare Townhomes
Features: Gated, rich Mediterranean-style Tuscan villas, intimate quiet enclave setting, od/h pool, 19 units, 2 stories
Unit Features: 3/4 bdrm, 2.5-3.5 ba, Travertine flooring, granite counters, SS appliances, upstairs W/D, wine cellar & warming drawer, knotty cedar doors & windows
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424 S. 2nd Street, Phoenix, AZ, 85004
Downtown Stadium Lofts is an industrial looking, red brick, 31 loft style condominium community in the Downtown Phoenix Warehouse District. Along the lines of “real lofts” (i.e. former warehouses that were converted to condominiums) the Downtown Stadium Lofts have exposed ductwork, exposed brick walls, very open floor plans, ceilings ranging from 10 to 22 feet and tall windows. Downtown Stadium Lofts is located about two small blocks south of US Airways Arena (home to the Phoenix Suns) and Chase Baseball Field and right around …

This little known enclave has been sitting alone in relative obscurity. Now it is right in the middle of it all! ASU, Arizona Center, light rail…
Fillmore and 1st Street
* Downtown Phoenix ASU District
* 60 single level and two-story loft condominiums
* 761-1477 sq ft
* 1 and 2 bedrooms
* $300,000s
* Heated pool and spa, gated community, some attached garages
* Close to the light rail, across the street from the ASU downtown campus
* Built in 1988
* Condo units available for sale
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These large downtown gems are hidden in the freshly spruced up Roosevelt Historic District. Roosevelt and 2nd Av, 3rd Av & Portland
* Downtown Phoenix Roosevelt Historic District
* Two separate condominium phases interspersed among apartment units by the same name
* 18 three-level units
*1967 to 2882 sq ft
* $600,000s
*Units have offices, 2 car garages
*Close to light rail
*Built in 2001
* Condo units available for sale
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Remember when you buy with CondoDomain in Phoenix you save thousands via our commission refund business model. On average our clients get back …

Central Ave and Hoover
* Downtown Phoenix/Central Corridor
* 21-story high-rise condominium building
* 117 condo units
* 1400 to 1800 sq ft
* $300,000s
* Valet service, 24 hour doorman and security, underground assigned parking available
* On the light rail next door to the Heard Museum
* Built in 1965
* Condominium units available for sale
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Remember when you buy with CondoDomain in Phoenix you save thousands via our commission refund business model. On average our clients get back more than $10,000 cash back at closing! (Learn More)
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