(Click to enlarge Colonnade at Kentlands Auction price list)

Cornerstone to Auction 40 luxury condominiums, With Minimum Bids Starting at $169,000

Cornerstone Partners announced today that it will conduct a closeout real estate auction for 40 condominiums at The Colonnade at Kentlands, a residential development in Gaithersburg, MD. The auction will take place on Sat, October 24th at 1:00 p.m. at the Hilton/Washington DC Rockville

Minimum bids for the homes will start at $169,000. The Colonnade auction information center and model homes will be open to the public through October 23 and is located at 23 Arch Place, Gaithersburg, MD. Advance registration to participate in the auction is required.

“This auction will offer buyers a once in a life time opportunity to own a home at The Colonnade at a steeply discounted price. This development is surrounded by shops, entertainment opportunities, conveniences and services, with easy commuting to the metropolitan DC area.”,” said Susan Piracini, CEO of Cornerstone Partners. “Mortgage rates are still very low and with the $8,000 tax credit in effect until November; this is an outstanding value for prospective homebuyers, particularly first-time buyers.”

These 1, 2 and 3 bedroom condos range in size from 772 sq. ft. to 1,526 sq. ft., with minimum bids ranging from $169,000 to $285,000. Deeded, covered parking will also be available to winning bidders, as well as a host of resort style amenities, such as 2 story fitness center, clubhouse, cyber café, theater room and more.

The homes feature open floor plans, some with loft spaces, hardwood floors, and full size washers and dryers in the condos. Kitchens feature granite counter tops and stainless steel appliances. Other features include kitchen islands, large walk-in closets and a high-tech backbone of cable and Internet technologies in every home.

For more information or to Tour The Colonnade at Kentland:

Please call or email D’ann Faught (571.244.1827)

Baltimore Condos and Baltimore condos for sale

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 Baltimore 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 short sales, 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 an Baltimore 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.

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

In anticipation for the all new CondoDomain Baltimore search portal, we have pushed our local blog live! In the coming months we plan to release CondoDomain Baltimore and begin working with buyers looking to purchase in downtown Baltimore, MD! If you want to get a feel for what our site will be like in Baltimore, MD, please feel free to check out our Boston site.

Why Buy With CondoDomain?

1. We are exclusive buyers brokers! We only do 1 thing…and we do it very well!

2. Condos! Its what we know! Its what we do!

3. Flat Fee! We run an efficient business that benefits YOU, not a commission based agency that is compensated when you spend more!

Our average client receives more than a $13,000 refund back at closing…

We’re Hiring!

If you are interested in learning more about the company please write us or check out our Facebook Group here.

About CondoDomain.com LLC

CondoDomain.com is a web-based real estate brokerage based in Boston, MA. The company is expanding nationwide to offer its buyers’ brokerage services in more than 30 cities around the U.S. Currently operating in Boston, CondoDomain offers an innovative flat-fee business model allowing the majority of the commission to be refunded to the buyer. By combining up-to-date MLS feeds, new construction buildings, FSBO, Foreclosures, Lofts and Auction listings all on one site, CondoDomain has become one of the most popular and user friendly real estate websites available. CondoDomain.com offers a 100% satisfaction guarantee to all of its clients, ensuring a professional, efficient, and pleasant transaction. Visit www.CondoDomain.com for more information or feel free to dive into our blogs at www.CondoDomain.com/blog.

For more information, please contact Erica Farthing at (877) 852-6636.