Distressed lofts in Phoenix.

I'm getting a few inquiries for distressed or foreclosed lofts in Phoenix. This can be somewhat of an illusion. Foreclosure does not guarantee a 'good deal'. It also leaves the buyer exposed since their are no warranties made and is sold 'as-is'. Also there are allot more requirements of the buyer (see your real estate professional for more details). Lastly, a distressed property in say a high-rise may be a falling knife. There are probably more properties that are distressed in that high-rise which may pull property vales down even further. With that said, if your looking for value in urban and are willing to live at-least five years, the time couldn't be better. M.