Many of these properties are bank-owned, and they will certainly be sold for far less than their market value.

The auctions will take place on July 26th and July 28th. The auction of July 26th will take place at the Ramada Plaza hotel in Greenbay, Wisconsin, and it will feature a variety of commercial and residential properties. Of these properties, five of the residential units are condos, and will be sold in bulk to the highest bidder.

The auction of July 28th will take place at the Radisson Hotel and Conference Center, in Pleasant Prairie, Wisconsin, and it will feature dozens of residential properties, mostly condominiums. It will also feature one industrial property, to be auctioned off along with the others.

Anyone interested in learning more about these auctions ought to visit this website. And anyone interested in learning more about other auctions and additional real estate developments ought to check out articles like this one on the CondoDomain blog!

The auction company Rick Levin & Associates, Inc. will be starting bids at a mere $125,000 for a third of the units, a steal compared to the original $349,000 list price for most of the units. Every unit comes with an indoor heated parking space included in the purchase cost of the condo.

22 units at Autumn Green at Wright Campus will be auctioned off on July 31, 2011.

Clearly this auction promises to be an amazing opportunity for both future residents and investors alike. Most of the 22 new units up for auction are two bedrooms with two bathrooms spread across 1,248 square feet of space. The 55-plus community of Autumn Green at Wright Campus building has elevator access. In-unit amenities also include an island kitchen, a spacious open floor plan, outdoor balconies, lots of closet space, as well as an in-unit washer and dryer hook-up.

The Autumn Green luxury development offers community amenities including a fitness room, media center, library and more. Located at 6759 W Forest Preserve Ave., Chicago, IL, the development is close to public bus transportation, Ridgemoor Country Club, and a host of shops.

To view the 22 condominiums up for auction, visit Autumn Green for an open house on either July 17, 23, or 24. Be sure to attend with a CondoDomain expert agent so you lock in a 20% commission refund on any possible purchases. The auction is scheduled for July 31, 2011 at 11a.m.

To schedule an open house visit, set up a private tour or for information on this or other auctions, please contact CondoDomain at (877) 852-6636.

Lincoln Park 2520 is just one of many new constructions in Chicago in 2011.

Chicago new construction contracts on the rise in 2011

[Chicago Real Estate Daily]

While the housing market is still slowly recovering, there is one market segment that is seeing an improvement so far in 2011. The number of local construction contracts for both residential and commercial buildings have been on the rise in the Chicago area during the four months of the year. From January through April, the cost of new contracts totaled $1.45 billion, representing a 14% increase over last year at this time.

These numbers bode well for the industry, but experts warn that the market is still recovering and that it needs more momentum before the housing market is truly out of the woods.

Other Top News:

Trend: Number of short sales on the market continues to rise [Benzinga]

General Growth Properties considers a street-level mall [Reuters]

Chicago’s Museum of Science and Industry features the dream green home [Inman]

Announcement: Auction of 22 Chicago condominiums [PR Newswire]

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 Chicago foreclosure auctions. But now, regular home buyers who want a chance at an affordable home are flocking to Chicago 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 Chicago 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 Chicago 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 Chicago 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 Chicago area. Take a look at these, and then call us with your questions.

Douglas home is situated near South Lake Meadows. It is a new construction single family home 2 blocks from proposed Olympic Village. It has 3 floors with contemporary design, dramatic glass block wall. There are 4 bedrooms including master suite, family room, office, large deck off kitchen, attached 2.5 car garage. And still upgrades can be done if required.

Tour Douglas Today

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

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

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

Technorati Profile