Home Buying in Philadelphia>Question Details

areierson, Both Buyer and Seller in Philadelphia, PA

I am doing a short sale with a second lien from the City of Philadelphia Redevelopment Authority. How do I get this lien released?

Asked by areierson, Philadelphia, PA Wed Mar 20, 2013

Property value is ~90k. Lien from RDA is 150k.

Help the community by answering this question:


The only way Iknow of is to contact the RDA and ask them but Hannah is correct you need an Agent that knows and does short sales. Call me I've closed two in the last 30 days. 215-725-5700 X49

Philip J. Cunningham Sr
V.I.P. Realty Corporation
7942 Bustleton Ave
Philadelphia,PA 19152
Web Reference: http://www.GreatPaRE.com
0 votes Thank Flag Link Thu Mar 21, 2013
Where is your agent? Is this something his processor, or the title company can assist with? You may need to pay off the City before you can have the short sale approved. If you are trying to negotiate this all alone and without an experienced Realtor, you are making a mistake. I am familiar with these programs and would be happy to talk to you about how to best approach the process.

Hannah Angert, Realtor
(215) 869-9571 or hannahangert@comcast.net

William Festa Realty
3001 S. Sydenham St.
Philadelphia PA 19145
(215) 271-3000 phone
(215) 271-0988 fax
0 votes Thank Flag Link Wed Mar 20, 2013
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