Some cheap advice: don't go to birthday parties; stay away from drugs, and find another place to bank rather than that ATM. More cheap advice: now that you have purchased this home, get to know your neighbors and join the local church. Stop scaring yourself, settle down, and get on with the work of fixing up the property without whining. Before trying to gold-plate the interior of your row home, take some time to fix up the exterior of the property. Take the boards off and, wash and repair the windows (a full window costs about $60 to reglaze , if you can't figure out how to do it yourself). Allow yourself a few geraniums or a rose bush outside, and fer chrissakes, mow the lawn once in a while. Talk to your neighbors - the old heads, the kids, and the adults. Greet them by name, and stop acting as if they are not human beings. This is a learning experience, and so far, you haven't learned enough to lend an educated opinion yet.... more
If you are interested in this property give me a call.. I can assist you if the home is up for sale, It's status is still with the original owner, I may be able to give you more in sight. Call me 484-461-7343 Lawrence.... more
"Public Information" is not always synonomous with "free." You can go to the count courthouse in Media, and get information about foreclosures by asking for a list of upcomming sherrif sale properties. This will tell you which properties are about to go to auction.
To find out about properties not yet on the auction block, you can request a report on notices of default that have been filed with the court. This report will tell you which properties banks have sent a notice of default to. (Sometimes referred to as "pre-foreclosure") some of these will get remedied, and some will end up in a sherrifs sale.
Bank often purchase the foreclosed properties at the Sherrif's sale. These are then referred to as REO (Real Estate Owned) properties. The banks will then put them on the market with an REO marketing brokerage, and try to recoup their loss on the open market. These (and HUD homes) are the ones you will find listed on the Multiple Listing Service. Before the Sherrif's sale, the only way properties get on the MLS is if the owner lists it with a broker, trying to sell it before the bank can get it at the sherrif sale.
Anyone can bid on a property at the sherrif sale, but you have to have cash or certified funds.
There is a lot happening in the Chester market, because of all the economic development happening there (Harrahs, the New Soccer Staduim, Pacifica Ventures Movie Studio, the Crossroads at Widener, and the Chester Community Grocery Coop, to name a few) and investing in real estate in Chester has never been as promising, in my opinion. Foreclosures are one way of finding good deals, but don't rule out traditionally listed properties, or even some new construction that is happening. (Some of the new townhomes are selling for around $110,000, and can rent out for $1100 a month or more.)
Feel free to contact me if you want any more information.... more