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Foreclosure in Philadelphia County : Real Estate Advice

  • All199
  • Local Info20
  • Home Buying89
  • Home Selling12
  • Market Conditions4

Activity 159
Tue Apr 4, 2017
Gwwd asked:
Wed Mar 29, 2017
Pamelancourt asked:
Tue Feb 14, 2017
Bernard G. answered:
Hello,

I have emailed you regarding this concern.

Regards,

Bernard
Consumer Care Advocate
0 votes 1 answer Share Flag
Fri Dec 16, 2016
Scott Godzyk answered:
Most likely you can not. If the bank purchases the home back at foreclosure auction they may now own it. Now state law does differ from state to state, but with a short sale, the one thing you need is time to get approved. if already in foreclosure, it many not be enough time. Find a local agent who specializes in listing short sales and they can answer your question regarding any specific state laws regarding forecosure ... more
0 votes 1 answer Share Flag
Wed Oct 26, 2016
Angelica P answered:
Hello,

We didn't get enough information about your problem to resolve the issue. Please provide us with complete property address and we will be happy to assist you.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/


Thank you for using Trulia!

Angelica
Consumer Care Advocate
... more
0 votes 1 answer Share Flag
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…
0 votes 0 Answers Share Flag
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.
... more
1 vote 1 answer Share Flag
Thu Jun 23, 2016
Sally Grenier answered:
Contact your Realtor. Your agent can help you buy anything that's available on the market, including bank owned properties. If you're not working a Realtor yet, you can ask around to friends, family, colleagues, etc. Or search online here for someone in your area. If you don't have cash, you'll have to also get pre-approved for a mortgage. Your agent can refer you to a lender, or you can get a referral from someone else. Keep in mind...the foreclosure market has mostly dried up. Not much out there. Good luck! ... more
0 votes 1 answer Share Flag
Tue May 17, 2016
Karen Hoffman asked:
Helping my boyfriend. His house was foreclosed on in November, 2013 by Wells Fargo. He owed approx $82,000. It was then sold REO and Trust Deed on 2/25/2014 for $120,000. Firstly, does…
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Wed Feb 10, 2016
Invstnlfp answered:
I am licensed to write mortgages in 31 states, I work for a direct lender in the mortgage industry who offers conventional, FHA, VA, and USDA loans. We keep your info private not broker it out and we go down to a 550 credit score. Are lowest score we accept for government loans are 550 when most lenders require a 620 and brokers a 580. You have to have two years of income with a score over 550 with bankruptcies discharge date 2 years and over. We have basic guidelines and a pretty easy process. Feel free to text me or call me anytime up to 10:00pm Eastern with any questions.
Brian Young 214-797-3479
NMLS 902687
... more
0 votes 2 answers Share Flag
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?
0 votes 0 Answers Share Flag
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.
... more
1 vote 1 answer Share Flag
Fri Nov 20, 2015
B.celenia asked:
Are banks willing to come down or there prices to make a sell or my chances are they will not note the property been under contract since July
0 votes 0 Answers Share Flag
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