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Foreclosure in Elmwood : Real Estate Advice

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  • Local Info3
  • Home Buying2
  • Home Selling0
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Activity 2
Mon Apr 29, 2013
Kevin Van Horn answered:
Be Careful. I am not blaming realtrac per say. Many similar sites claim the properties exist only to have you pay membership fees. Then you find out they don't exist or sold 2 years ago. My office specializes in REO properties. 20 years, thousands of sales, high volume investment real estate. Currently 100 listings.

Call me or email

Kevin Van Horn
Premier Real Estate, Inc.
1636 Pine Street
Philadelphia, PA 19103
267-968-4919 (Cell Phone)
... more
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Tue Jul 7, 2009
Chris Lane answered:
Thats rather unfortunate and this property may just be a loss. Was it owned free in clear (minus a mortgage)? If not, he's going to owe the principle amount to the lender regardless of whether the property inhabitable or not. Without the proper property insurance the city owes your friend nothing. In fact, he may actually end up owing the city for any services they have provided thus far (i.e. cleaning, demo, securing etc). To add insult to injury they can even impose a lien on the property for lack of payment. However, it is possible that the lot/property could still be sold and some of his money recooped. If he is interested in doing this please contact me. I actually specialize in selling problem properties much like the one your friend owns. I also deal with plenty investor who would be interested in seeing his property and even submitting an offer to purchase. You can reach me via email or phone 2156815520. Best regard and I wish him luck. ... more
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