What site did you get this information from? Some sites "only" place what the judgement is on the property from RSS feeds; which I feel is misleading, and for the consumer to register and pay for more information. Another factor can also be that if it is an REO (foreclosed) property, it could be listed below market for the asset management company to get the house off the books for the bank.
I would be happy to help you out.
Linda R. Genzano
Prudential Fox and Roach
1800 Rittenhouse Sq
Philadelphia, Pa 19103
Why don't you contact an agent here on Trulia that works in your neighborhood in Philly? The agent will give you a list of foreclosures available for you to buy, AND, let you know if the one you found can be purchased.
Scott Miller, Realty Associates, Boca Raton, FL
p.s. i miss philly
The foreclosure listing sites usually list the dollar amount of what is owed on the mortgage, which is not the market value or what it will sell for. Those listings are actually not currenlty listed for sale/ When a homeowner gets a foreclosure notice, it becomes public information and many real estate websites list those homes as a service to their visitors, it entices people to visit that particular website. When the bank is ready to list the home for sale, they check the market value and list at or near that price with a local broker.
I can send you listings of some bank owned properties in the Phila area, but there are also investment opportunities that are not bank owned.
Please feel free to get in touch anytime.
PA & NJ LIcensed
2200 Walnut St.
Philadephia, PA 19103
It all depends on a few things: What's the condition of the property? How much will it be to fix it (if anything)? Do you plan to Buy/Hold or Buy/Sell?
Feel free to contact me with all of the details if you're interested in learning more.
Timothy M. Garrity | Brown McKinney Real Estate, Co.
Real Estate Professional & Consultant
email@example.com Email| http://www.brownmckinney.com/tim Website
215-825-2250 x 1007 Office | 267-879-2716 Mobile | 267-519-5490 Fax