The Orlando 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.

Orlando 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 Orlando 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 Orlando foreclosure opportunities.

Orlando 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.

There are only six spots left at the Wellesley condos in Orlando, a new arts and crafts style building.  Open floor plans and a rooftop pool and gardens with concierge service await you in Downtown College Park.  Pet friendly, with a one bedroom one bath guest suite available, this Orlando loft offers timeless style, modern convenience, and luxurious Florida living.

Call us to tour Wellesley condos 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 Orlando foreclosure auctions. But now, regular home buyers who want a chance at an affordable home are flocking to Orlando 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 Orlando 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 an Orlando 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 Orlando  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 Orlando 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

Orlando is on the rebound in condo sales, and we’re happy to be here blogging about it. There are some great opportunities in Orlando condominiums, and our market is beginning to reflect it. Our prices are lower, interest rates on mortgages are lower, and buyers are taking advantage of the $8000 first time homebuyer tax credit.

Orlando is such a prime destination for business, families, and second homes, that it is a wonder we ever had a decline in sales or prices.

So now is the time for qualified buyers to take advantage of this uptick in the market and the tremendous opportunities for Orlando condominium buyers that exist now. And this is where I come in.

I’ll be blogging here about specific Orlando condominium developments, and also opportunities for you with auctions and Orlando Foreclosures.

We’re buyer agents here at Condodomain, and we have a “stimulus” of our own: we give you money back at closing. Because we only charge a flat fee for our services, regardless of the price of the sale, we rebate the difference we receive from the seller to you, the buyer. It’s a great win-win; More Orlando condominiums are sold to buyers who receive first class service, and buyers get a break at closing.

Call me today with questions about any Orlando condominium, and I’ll be happy to set up a tour for you and explain more about how here at Condodomain, we give you money back at closing.

Thornton Park Central is an urban mixed-use development at the corner of Central Boulevard and Summerlin Avenue in Downtown Orlando. It contains 20,000 square feet of retail space, 40,000 square feet of office space, 56 loft condominiums and an integrated 340 space parking garage. This $31 million project was developed by Phil Rampy and Craig Ustler and construction was completed in January 2002. Thornton Park Central opened with 100% retail occupancy and 82% office occupancy with 100% achieved in 2003. The condominiums were completed with 60% of the residences sold and the lofts were sold out by mid 2003. Thornton Park Central shops and restaurants include Starbucks, Urban Body Men’s Clothing, Tijuana Flats, Zou Zou Boutique, HUE Restaurant, Urban Think Bookstore, Shari Sushi and Cityfish Restaurant. HUE Restaurant anchors the development and is an award-winning bistro that is generally credited with reviving the downtown dining scene. Office tenants include Morris Architects, Hoar Construction, Colliers Arnold and Interlachen Mortgage. Thornton Park Central is a prime example of “new urbanism”, emphasizing walkable streets, mixed-use neighborhoods, sidewalk activities, public gathering spaces, architecturally significant design and integrated infill development. The project was designed by Morris Architects and the general contractor was Hoar Construction. Office leasing was handled by Colliers Arnold, retail leasing by Trammell Crow Company and loft condo sales by Olde Town Brokers and CondoHQ.

Tour Thortnon Park Central Today

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

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

With its perfect location on Lake Eola, it is a short walk to the Central Business District, Thornton Park Dining and Shopping from The Waverly. The newly opened Publix is just next door and the newly planned Arts District and Arena will be walking distance away.

One Bedrooms from the low 200s
Two Bedrooms from the mid 200s
Three Bedroom Lake Front in the 500s

The Waverly Features:
PROPERTY FEATURES

Central A/C Central heat Walk-in closet
Tile floor Family room Dining room
Dishwasher Refrigerator Stove/Oven
Microwave Washer Dryer
Balcony, Deck, or Patio Swimming pool

COMMUNITY FEATURES

Covered parking Clubhouse Storage space(s)
Lake Gated property Secured entry
Elevator Wheelchair access

OTHER SPECIAL FEATURES

Two Parking Spaces and Two Storage Units

Tour The Waverly Today

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

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

Situated in the trendy South Eola / Thornton Park area, only two blocks from Lake Eola. The Sanctuary is known for its Large Luxurious Condo Homes where every unit has it’s own air conditioned storage area. There are three restaurants on the first floor and all three offer room service to the residents.

The Sanctuary Features:

Unit Amenities:

* 9’10” finished ceilings
* Walk-in closets
* Spacious kitchens
* Master suites feature double sinks and separate shower and bath tub

Building Amenities:

* 24 hour security
* 24 hour concierge service
* 5th floor pool, spa and fitness center
* The first floor contains 3 restaurants; The Beacon, Fifi’s and Graze which deliver to the buildings residents

Tour The Sanctuary Today

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

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

Park North at Cheney Place offers affordable, luxury condominium residences in the emerging Uptown district of Downtown Orlando. Located at 860 North Orange Avenue, residents of Park North at Cheney Place enjoy the ease and convenience of nearby eateries, shops and boutiques. The community offers studios and one, two and three bedroom residences.

Tour The Park North Today

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

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

The Jackson offers:

The Jackson Building Amenities
- 8 story building
- Popular Thornton Park location
- Overlooking Constitution Green Park
- Rooftop indoor/outdoor entertainment garden with Wet Bar
- Roof top Sun deck with views of Downtown, Thornton Park, and Delaney Park
- Storage lockers in garage area
- 2 high speed elevators and 2 stairwells
- 2 levels of secured parking
- OUC Chilled Water System

Residence Amenities of the Jackson
- 52 units from 1,100sq ft to 2,000 sq ft
- 6 Penthouse units of 1,600 to 1,800 sq ft
- 8” entry doors
- Pre -wired for cable and high speed internet access
- 40 gallon high recovery water heaters
- Oversized his & hers walk-in closets
- Stainless steel appliances and brushed aluminum fixtures
- Individual Private Balconies
-10” Ceilings
- Insulated Thermal Glazed Windows
- Large Expansive Windows

Safety Amenities Included in The Jackson
- 24 hour building security
- Controlled Access to Garage and Lobby
- Lobby Door Answering System
- Fire sprinklers in residences

Tour The Jackson Today

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

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

Enjoy great city views, or relax in the spectacular courtyard overlooking the pool surrounded by palm trees. Covered parking garage with assigned parking for residents. Walk to Lake Eola & Thornton Park. This gated community has it all & was built in 2001. Beautiful pool & courtyards along with a fitness center.

Tour The Grande Today

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

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

Luxury is customary at The Wellesley. Open floor plans, rich materials and wonderful amenities like a rooftop pool and gardens and concierge service are just the beginning. The ultimate amenity is right outside your door – the delightful bistros, charming boutiques and endless opportunities to enjoy the good life in Downtown College Park.

Features of the Wellesley include:

Arts and Crafts architectural features and finishes.

Richly finished entry lobby at the corner of Edgewater Drive and Smith Street.

Tour Wellsesley Condos Today

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

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