The Cleveland 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.

Cleveland 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 Cleveland 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 Cleveland foreclosure opportunities.

Cleveland 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.

For first class loft living, take a look at the Lofts at Avalon Station. This is a newly constructed Shaker Heights building, modern, and a planned transit oriented development. Best news – there are down payment grants from the city of up to $15,000.

This Cleveland  loft is truly the best of both worlds. A sleek, modern interior loft design, located near transportation, good schools, convenient chopping, and 10 acres of nature trails. Yet, you can hop on the RTA to see a game, a concert, or visit Cleveland for any reason – including work.

Call The EZ Sales Team to tour The Lofts at Avalon Station and remember, with Condodomain, we give you money back at closing.  216-916-7778

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 Cleveland foreclosure auctions. But now, regular home buyers who want a chance at an affordable home are flocking to Cleveland 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 Cleveland 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 Cleveland 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 Cleveland 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 Cleveland 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

We’re so happy to be blogging here in Cleveland, and telling you about the great places to live in this fabulous city. Lots of opportunities await Cleveland Condo buyers in this buyers’ Real Estate market – and we’ll make sure you know all about them.

A really good example of the smart development going on in the Cleveland area is Bluestone in Cleveland Heights. The location is superb, near Case Western University, and the nationally recognized cultural institutions at Univeristy Circle. 71 Signature lofts and 39 arts and crafts style newly constructed homes are what comprise this innovative, high quality development here at Bluestone, built with the latest “green” innovations.

Priced from the low $200s on up, these Cleveland condos feature high efficiency electric furnace and appliances, 50 gallon hot water tanks, smart sprinkler system, large terraces, high speed wiring, stainless steel appliance package, and maple cabinetry. There’s secure, heated indoor parking with remote controlled garage access. Video surveillance and intercom assure your security in the atrium. Lofts have 10-12 foot ceilings. High quality materials are used throughout, including hardwood floors, Low E-glass windows, and a complimentary design service.

Best of all, when you buy a Cleveland condo from us at CondoDomain, we give you money back at closing. Call me today to find the ideal Cleveland condo for you, and find out how to save even more on your purchase than you dreamed possible. Here at CondoDomain, we give you money back at closing.

Our Cleveland citywide party is stepping off tomorrow for St Patrick’s Day. The 142nd annual Cleveland St. Patrick’s Day Parade will get started tomorrow at 1 PM. This year we have a new parade route along Superior Avenue, with the staging area above East 18th Street. The parade iends in the Public square at Rockwell Avenue and East 6th.

And while you are enjoying all the traditions of our Cleveland good times on St Patrick’s day, why not spread your luck all year long, especially if you are an animal lover. Adopt a lucky animal tomorrow from the Cleveland Animal Protection League, and you will receive a discount off adoption fees, a free calendar, and a 5 pound bag of  Science Diet pet food. All dogs and cats are neutered and vaccinated.

When you’re ready to look for a great Cleveland condo, call me and I’ll find the right one for you. I’ll even find one that is pet friendly, so your St Patrick’s day luck lasts all year long. Adopt your pet at a discount, and then buy your Cleveland condo at the best price possible – and receive money back from us at closing. How’s that for a pot of gold?

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 Cleveland 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 sherriff’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 Cleveland 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.

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

One Of The Best Maintained Buildings In Lakewood With Great Amenities Including Washer & Dryer In Unit. In-door Pool, Exercise Equipment, Sauna, Hot Tub, Party Rooms, Etc. Close To Downtown. Balcony Off Of Living Rm. Freshly Painted; Non-smokers Live Here. Lower Level Has Special Wine Cellar.

Tour Waterford Condos Today

Remember when you buy with CondoDomain in Cleveland 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: Cleveland Condos | Cleveland Lofts | Cleveland Real Estate Agent

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

Tremont Lofts offers one and two bedroom lofts.

Tremont Lofts has the following features:

Exposed Brick Walls
Geometric Designed Tile
Natural Trim, Hardwood Floors
Private Balcony
Euro-Style Kitchen
Off-Street Parking
Downtown View

At Tremont Lofts, Gas and Electric are included and there is secured parking.

Tour Tremont lofts Today

Remember when you buy with CondoDomain in Cleveland 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: Cleveland Condos | Cleveland Lofts | Cleveland Real Estate Agent

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

Sussex Court, in Shaker Heights, has developed into quite the community. Offering two and three bedroom town homes in the Chagrin Warrensville area, Heartland Developers began selling these upscale units in 2001. The award winning and eco-friendly project sold very quickly and was a huge success for Heartland and the city of Shaker Heights. Units are now available for resale between the mid $200,000s and $500,000. They are a bit further away from University Circle than their competitor Bluestone and they also don’t offer a tax abatement. The project is well established, however, and many of the units themselves are breathtaking. Great use of natural light and expansive spaces create sought after living environments.

Tour Sussex Courts Today

Remember when you buy with CondoDomain in Cleveland 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: Cleveland Condos | Cleveland Lofts | Cleveland Real Estate Agent

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