The Phoenix Condo Loft

Foreclosures are on many people’s minds lately.  Since the Federal Government has offered incentives to lenders to restructure people’s loans, local and state governments are encouraging home owners to seek help sooner rather than later and work with their lender to avoid foreclosure.  Help includes restructuring loans, and the purchase of homes by municipalities and non profits.

Foreclosure is the last stop on the money crisis train for home owners.  Once a home is foreclosed, the lender really does not want to own it.  This is why for the savvy buyer, these homes can be a great deal.

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.

How do you find pre-foreclosure opportunities?  By searching for them on our site!  Our partnership with RealtyTrac enables you to search all Phoenix foreclosure listings.  Pre-foreclosures, foreclosure auctions, and bank owned properties are all at your fingertips on our site, and we can help you make sense of the entire process.  We can also assist you with obtaining financing.  Contact us today to learn more about Phoenix foreclosure opportunities.

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.  It’s a true loft – a former warehouse that his been converted to 31 unique residences.  It has all the classic features – tall windows, soaring ceilings, open floor plans, exposed ductwork and brick walls, and very open floor plans.  This classic Phoenix loft residences have very few interior walls, allowing for a smooth and roomy flow and contemporary two story design.

Call us to tour Stadium Lofts, and remember, with CondoDomain, we give you money back at closing.

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.

Foreclosures are pressuring the real estate market in many cities, but providing many opportunities for home ownership. Formerly investors and “house flippers” were the majority at Phoenix foreclosure auctions. But now, regular home buyers who want a chance at an affordable home are flocking to Phoenix foreclosure auctions.

While foreclosures in huge numbers hammer housing prices, efforts to sell the homes and get them off the market have two benefits. One is that once the large inventory of Phoenix foreclosures is off the market, housing prices can stabilize and a true market value can again be established, with homeowners once again building equity. The second benefit is obvious – the buyer gets a home at a low price.

Buying a Phoenix foreclosure is not without risk, since the buyer is responsible for repairs and all liens against the property, including taxes, construction liens, and second mortgages. When it comes to Phoenix condos, it’s possible to have less risk exposure than with a freestanding house.   We can help you with this. We can give you information about the building, the community, and assisting you in finding out the truth about all outstanding liens. We can also assist you with purchasing any foreclosure you choose, not just a condo.

Here at CondoDomain, we have partnered with RealtyTrac so that you can search all available and pending foreclosures in the Phoenix area. Take a look at these, and then call us with your questions.

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 loan amount with only 3.5% down! So if you are in the market to buy and have previously been unable to put 10-20%  down, this is excellent news!

Contact Christina Longo immediately for more information at 978.886.9359

View the all-new Condo Loan Center to learn more information. The Condo Loan Center offers everything from first-time homebuyer programs with down payment assistance, to private mortgage banking with unlimited loan amounts. In addition, the Condo Loan Center has the ability to act as a broker gives clients even more loan programs. Through the Condo Loan Center, you can rest assured that you will be provided with a competitive loan that meets your individual needs.

A complete schedule of FHA’s maximum county mortgage limits can be viewed through the HUD website by clicking here
*the list excludes financed UFMIP or EEM cost

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.

At Palmaire, you are so close to great restaurants,a grocery store, and two shopping centers. Located off the freeway and major roads, this is a great location for you.

This Central Phoenix condo features bamboo flooring, walk in closets, large open floor plans with oversized bedrooms, modern Kitchens with islands, and is pre wired for sound cable, and phone. The concrete block construction is sturdy and energy efficient. Covered, assigned parking is included. Upgrades for iPod docking stations, and honed finish slab granite available. Yes, you can actually plug your iPod into the wall with the upgrade, and listen to your tunes in surround sound. Some units include back yards.

Palmaire includes a pool and patio area, and luscious landscaping. Prices start at under $200,000 – this Phoenix condo is relaxed living at a great price.

Call me today to tour Palmaire, and I’ll tell you how we give you money back at closing.

There’s a lot of attention being paid lately to foreclosures, and how they are pressuring the market. Here at Condodomain, we’ve partnered with Realtytrac to bring you the latest information on Phoenix  foreclosures.

There’s also a lot of confusion about foreclosures – so lets talk about what they are. When a homeowner defaults on a mortgage payment, over a period of time (which varies from state to state) the lender may take action to possess the property, or foreclose on it. These properties are then auctioned at a public sale, usually in the county courthouse or sheriff’s office. Those are only a few of the foreclosure sales – most foreclosure sales actually happen pre foreclosure, when the home owner has received notice that the bank intends to foreclose.

Investors/home buyers may approach an individual who has fallen behind in their mortgage and try to make a deal — usually taking over the mortgage payments and any other liens on the property. Sometimes they rent the property back to the former home owner. Usually, the home owner has to leave so that the new owner can take possession.

Sometimes a homeowner can get the bank to agree to take less money than is owed if the house sells. This is known as a short sale, and requires all lienholders to agree to the amount of the sale. Many homes on the market today are shortsales, as homeowners attempt to avoid foreclosure.

If you don’t buy the home from the homeowner directly and it does not sell at the sheriff.s sale, you may be able to buy it directly from the bank.

You can get a great deal with a Phoenix foreclosure, but you have to be aware of a few things. One – the property may be in less than prime condition and you may not have a chance to really thoroughly inspect it before bidding. With repairs and paying all liens, back taxes, and obligations, you may wind up paying more than the house is worth – not such a great bargain. Two – you may have difficulty evicting the occupants and require the assistance of law enforcement. Three – you need to have your financing lined up and your down payment ready at an auction. Professional foreclosure investors come with bank checks already prepared.

Phoenix foreclosures are a great opportunity, but don’t go into the venture alone, especially if you are new to buying real estate. Our Phoenix foreclosure listings show properties in various stages of foreclosure. Contact us about these listings, and we will assist you every step of the way.

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. From the affordable elegance of the Biltmore Promenade starting at $124,000 to the unparalleled luxury of Montelucia starting at $2 million, we can guide you to find the best Phoenix condo for you, from searching to negotiating your offer to obtaining financing.

Not only will we deliver excellent service – we give you money back at closing. It has never been a better time to buy a beautiful Phoenix condo – so give us a call, and we’ll show you the town – and the great deals. Let us show you how to find the best home for you, at the best price – and receive a check at closing!

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

Tour Trovare Townhomes at Biltmore Today

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)

Search: Phoenix Condos | Phoenix Lofts | Phoenix Real Estate Agent

Finance & Mortgage: For the lowest rates on your next Phoenix Condo check out our Exclusive Partner on our Finance & Mortgage page.

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 the corner from the bars and restaurants on Jackson Street. Nonetheless, Downtown Stadium Lofts seem a little off the beaten path, which is good if you want some privacy, but but as the Entertainment District evolves Downtown Stadium Lofts should be right in the thick of the action. The loft condominiums range in size from about 850 to 1800 square feet. But again, these are very very open with very few walls.

Tour Stadium Lofts Today

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)

Search: Phoenix Condos | Phoenix Lofts | Phoenix Real Estate Agent

Finance & Mortgage: For the lowest rates on your next Phoenix Condo check out our Exclusive Partner on our Finance & Mortgage page.

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

Tour St. Croix Villas Today

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)

Search: Phoenix Condos | Phoenix Lofts | Phoenix Real Estate Agent

Finance & Mortgage: For the lowest rates on your next Phoenix Condo check out our Exclusive Partner on our Finance & Mortgage page.

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

Tour Roosevelt Square Townhomes Today

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)

Search: Phoenix Condos | Phoenix Lofts | Phoenix Real Estate Agent

Finance & Mortgage: For the lowest rates on your next Phoenix Condo check out our Exclusive Partner on our Finance & Mortgage page.

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

Tour Regency House Today

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)

Search: Phoenix Condos | Phoenix Lofts | Phoenix Real Estate Agent

Finance & Mortgage: For the lowest rates on your next Phoenix Condo check out our Exclusive Partner on our Finance & Mortgage page.