Phoenix Condo Foreclosures | Bank Owned Condos | Distressed Condos
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DISTRESSED CONDOS AND LOFTS FOR SALE
Search for Distressed Condos and Lofts For Sale in Phoenix, Arizona and throughout Maricopa County on PhoenixCondoKings.com. Search Short Sales, Bank Owned, REO, Lender Owned and other types of Distressed Sales in Phoenix, Arizona and surrounding area on PhoenixCondoKings.com.
SHORT SALE CONDOS AND LOFTS FOR SALE
A short sale is a real estate transaction where the lender allows a property to be sold for less than the amount owed on a mortgage or trust deed and takes a loss. This usually occurs when the market drops and the property is worth less than than what the current mortgage is. Short Sales are usually facilitated by a loss mitigator who negotiates that debt owed down to a level where the property can be sold. Short sales are complicated and usually take months to conclude, but can prove to be great bargains for patient buyers. Search Short Sale Condos and Lofts for sale on PhoenixCondoKings.com.
BANK OWNED REO CONDOS AND LOFTS FOR SALE
Real Estate Owned or REO, is a class of property owned by a lender, bank, government agency, or government insurer, after an unsuccessful sale at a foreclosure auction. As soon as the beneficiary repossess the property it is listed on their books as REO and categorized as an non-performing asset. After a repossession, the beneficiary will go through the process of trying to sell the property on its own or obtain the service of an REO Asset Manager. The beneficiary will remove any liens or other debts associated with the property and try to resell it to the public, either through auctions, direct marketing through real estate broker, or by itself. Real estate investors will often purchase these properties because of discounts offered to compensate for the condition of the property. Search Bank Owned REO Condos and Lofts for sale on PhoenixCondoKings.com.
About Vestis Group
Vestis Group is a leading investment real estate sales and advisory services firm with a proven track-record of providing value added brokerage services coupled with innovative and ongoing real estate investment strategies.
Our mission is to ensure that owners and investors receive the most efficient research, marketing, real estate consultation and transaction services available. We pride ourselves on our ability to deliver added value to our clients by building uncompromising and long-lasting relationships with our partners.
Vestis Group serves multifamily, residential and commercial property owners and investors with a full suite of commercial real estate services, including Buyer Representation, Tenant Representation, Landlord Representation, Investment Sales, Restaurant & Entertainment Leasing, Specialty Leasing, Asset Management, Project & Development Services, Research and Consulting.
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