Foreclosure in 19057>Question Details

Shiju Vadakot, Home Buyer in Levittown, PA

Where can I find a list of bank owned, foreclosures, preclosures etc. in the Philadelphia suburban area?

Asked by Shiju Vadakot, Levittown, PA Tue Nov 11, 2008

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Shiju: There is no difference in the price of a home based on foreclosure. They are ALL at market prices. If you go to a sheriff's sale, you bid against anyone that shows up, including the lender, who will show up. (Would you write off a $200,000 debt for a $50,000 offer, when you have been advised that the current market rate for the property is $175,000?) If no one bids close to the market price, the lender will buy it back. After the foreclosure procedure, homes are listed with realtors who price them in the MLS at what they feel the market will bear in TODAY’S market. (Would you, if you owned a property, not at least look for the highest and best offer you could obtain?) Finally, if distressed homes are available for a price, don’t you think that every other house in similar condition will have to sell at the same price or stagnate on the market?

Since there are many houses on the market, the correct approach is to find the best one to fit your needs, budget and ability to repair, should repairs be needed. Most distressed houses that are selling low have serious repairs needed. In many municipalities you can’t move in until the housing department is convinced that those repairs have been done correctly and to the building code.

If you wish to look seriously for property in the Delaware Valley region (both NJ and PA,) I would be happy to show you everything available, foreclosure or not, in your price range. You then be able to find the best deal available to suit your specific needs.

The important thing for you keep in mind is that you need to find an agent with whom you feel comfortable and who understand your needs and goals. Together, you will have access to all the houses on the market.
1 vote Thank Flag Link Wed Nov 12, 2008
Shiju,
In today's market, foreclosures are not the only bargains. If I were you, I would look at all the houses in your price range. I have shown Levittown homes that were in foreclosure and not in foreclosure. The foreclosures have taken the price of all the homes down. The amount of equity an owner has or doesn't have should not be a factor. There are lots of good and bad homes in both categories.
Are you looking for a bargain, a deal, an investment, or a place to live that meets you needs that is in your price range. an experienced agent who knows the neighborhoods can help you find a home that can satisfy all these requirements.
My advise to you is, "Hire a Pro." The great thing for you is it won't cost you to a cent to use a professional realtor to help you find a home.

John Chaump, Realtor and Levittown resident
John@JohnChaump.com
267-994-9810
0 votes Thank Flag Link Tue Mar 16, 2010
Do you know the real site for HUD auctions???? http://www.hooksvanholm.com

check it out then call "central lending "for financing! 215 295 9080

thanx mark
0 votes Thank Flag Link Thu Jul 9, 2009
I have a list of REO's, foreclosure, and HUD properties. Contact me for the info.
0 votes Thank Flag Link Fri Nov 21, 2008
Shiju,

I just wanted to check back with you. If you need help finding these bank owned homes, I would love to help.

Feel free to e-mail me or just give me a call at (215) 669-0589.

Renee Porsia
Associate Broker
RE/MAX ACTION REALTY
(215) 669-0589 Direct
(215) 358-1100 Office Ask for Renee
http://www.reneeporsia.com Register for FREE to receive every new listing as soon as it goes on the market.
0 votes Thank Flag Link Thu Nov 13, 2008
Hello Shiju,

I work with banks and get REO properties from them. I also work with investors. I know that there are many places you can go such as the townships to find out which properties are going to auction. If you are serious about finding an investment property I would love to talk with you. I've been dealing with foreclosures now for 10 years.

Feel free to contact me or even email me.

Renee Porsia
Associate Broker
RE/MAX ACTION REALTY
(215) 669-0589 Direct
(215) 358-1100 Office Ask for Renee
http://www.reneeporsia.com Register for free to receive any new listing that comes on the market.
0 votes Thank Flag Link Tue Nov 11, 2008
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