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Foreclosure in Philadelphia : Real Estate Advice

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  • Home Buying1K
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Activity 125
Fri Oct 13, 2017
Kimholiday answered:
Do they have this in Pittsburgh PA
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Thu Aug 10, 2017
Aquila Dufort asked:
Tue Jun 13, 2017
Jeykcac asked:
Tue Apr 4, 2017
Gwwd asked:
Wed Mar 29, 2017
Pamelancourt asked:
Thu Oct 13, 2016
Tdiscenza asked:
I'm a prospective buyer of single family rentals. I've been eyeing up a property that per review of city records (Philadelphia) is currently owned by BofA. Is it safe to assume…
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Tue Aug 2, 2016
Sally Grenier answered:
Any local REALTOR can give you a status update. Keep in mind, if you saw a "foreclosure" listing here on Trulia or Zillow it doesn't necessarily mean it's available for sale. These sites often list properties where the bank has filed an NED with the county. (Notice of Election & Demand, the first steps in the foreclosure process). This doesn't necessarily mean it WILL go through foreclosure.

Your best source of info is NOT sites like Trulia or Zillow (which are really just marketing sites), but rather your own local REALTOR.
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Fri Nov 20, 2015
John K. asked:
in other-words if the mortgage lien was filed first but Philadelphia has a tax lien does the tax lien take precedence and are the other liens forgiven?
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Fri Nov 20, 2015
Sandra Hazeltine answered:
What home are you referring to? I'd be happy to help you find homes in the area that are currently available.
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Fri Nov 20, 2015
Karen Peyton answered:
Since you will need a local real estate professional to write your bid, ask them this question. They will know the "best" mortgage given the condition of the home, it's ability to appraise, and your financial tolerance for repairs if necessary.

Answering your question - yes, you can use a conventional loan.
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