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Foreclosure in 19104 : Real Estate Advice

  • All38
  • Local Info2
  • Home Buying15
  • Home Selling1
  • Market Conditions1

Activity 92
Wed Oct 28, 2009
Michael Cohen answered:
please feel free to contact me and I will send you a current list of REO
Michael P Cohen mskj@comcast.net 610-642-0347
0 votes 1 answer Share Flag
Sun Oct 25, 2009
Julie Broderick answered:
Your agent can research for you. If you don't have an agent, call the listing agent.
0 votes 1 answer Share Flag
Thu Oct 15, 2009
Trisha asked:
Sun Oct 4, 2009
Peter Lavelle answered:
What kind of information are you interested in?

Peter Lavelle, GRI
Citizens Premier Real Estate
(215) 396-0500 x 3440
0 votes 1 answer Share Flag
Tue Jul 28, 2009
Peter Lavelle answered:
Good Afternoon Sherm,

Are you interested in properties in that price range for an investment or to occupy? If you are working with an agent they should be able to assist you with that particular need.


Peter Lavelle, GRI
Citizens Premier Real Estate
(215) 396-0500 x 3440
... more
0 votes 2 answers Share Flag
Tue Jul 7, 2009
Sean Dawes answered:
Sun Dec 16, 2012
Brian Yoak answered:
Are you looking in the 19142 zip code or anywhere in Philadelphia? If you would like to discuss what you are looking for I am always available.
0 votes 2 answers Share Flag
Wed Jun 24, 2009
Michael Cohen answered:
I do not service that area, it is too far up for me
contact me and I will give you some agents
that handle this area
0 votes 4 answers Share Flag
Tue Apr 14, 2009
Chris Lane answered:
S.Chan,

Absolutely!!! There are plenty of bank owned/short sale properties available in the market these days. It just depends on which route you'd like to take to become a homeowner. It's very certain that its an amazing time for buyers. Prices have declined and bank owned homes have risen. Pre-forclosures provide more opportunity regarding the flexiblity in the offering price but may takes months to develop since many banks are back logged. Sheriff Sale houses present another great source of saving but you're going to be bidding agains many other potential buyers and savvy investors alike. Finally, you have the REO's. These are on the books & need to bne moved quickly. Banks may wiggle but not much since there normally price at market value. Finally, have such a large amount to use as a down payment banks will also be willing to grant you a mortgage granted you've valued you credit and score. So, if you have any further questions or would like to know more about me and mt services. Feel free to contact me. Thanks.

Chris Lane
Exit Realty
1080 N Delaware Ave Suite 200
Philadelphia, pa 19125
215-681-5520
... more
0 votes 5 answers Share Flag
Fri Feb 27, 2009
Dallas Texas answered:
Title company clears all liens prior to closing you are not responsible if your the buyer

Dallas Realtor and Consultant, Mortgage Loan Officer, Lecturer regarding Credit Repair
â“ Lynn A. Crosby ... more
0 votes 4 answers Share Flag
Fri Mar 27, 2009
Sean Dawes answered:
If you need any assistance, feel free to email the link to sean.dawes@longandfoster.com and I would be happy to assist you.
0 votes 1 answer Share Flag
Mon Jan 19, 2009
Carol Cei answered:
Hi, Sean, this property is not yet foreclosed upon so it is not actually on the market. Are you searching for foreclosures and REO properties in Grays Ferry? If so, perhaps we can discuss it and I may be able to help you.

Let me know what you are looking for.

Carol Murray Cei
ReMax Millennium
215-643-9661
carolcei@remax.net
... more
0 votes 1 answer Share Flag
Wed Jan 14, 2009
Peter Lavelle answered:
Hi Julia,

Your question has a need for many answers. There is a class in regards to Sheriff Sales on January 28th at the Sheriff's Office. It begins at 12 noon and you have to register to attend. This class should be able to answer any questions you may have. If you need any further information you may contact me if needed.


Peter
... more
0 votes 3 answers Share Flag
Tue Jan 6, 2009
Terrence Charest answered:
Go to: http://www.phillysheriff.com/

This is the sheriff's office where you can get information on tax and foreclosure lien sales.
0 votes 1 answer Share Flag
Sat Dec 27, 2008
Bill Eckler answered:
Shaun,

Consider trying other real estate search options: Realtor.com, homes.com, zillow.com.

Good luck
0 votes 5 answers Share Flag
Thu Dec 18, 2008
Judi Wolfson answered:
You never know what you can know about negotiating with a bank until you give it a try, unless the project is taken over by a marketing or real estate company that represents the seller. Even if that is the case you should definately have a Buyer's agent representing YOU. Frequently they tell the buyer "no" to negotiation, but they will do something better for the Realtor, in hopes that the Realtor will bring them more business.

BUT MORE IMPORTANT than this is the concern of the community being completed and if there is an Association that takes care of common grounds. It is very important to find out more information if there is any common areas that need to be maintained.
... more
0 votes 2 answers Share Flag
Wed Nov 26, 2008
Terrence Charest answered:
It may be non. Foreclosure is the process of reclaiming a piece of property which the lendee has defaulted on the loan. An auction is just a method of selling a property to acquire funds. For instance, if you wish to sell your home, you could use a real estate agent or an auctioneer. With an agent, you are more in control of the what to accept as a selling price. In an auction, there are only guidlines given to the auctioneer. Foreclosures COULD be sold in an auction or through a Realtor.

Hope that helps.

Terrence Charest
... more
0 votes 5 answers Share Flag
Tue Aug 18, 2015
Judi Wolfson answered:
Not all situations are the same. Usually the bank owns the property, which means that it has already been foreclosed upon by the bank and then they it is usually put on the MLS for all Realtors to access. This is a REO property. In this case you will receive the property 'free and clear' of any liens and there are no additional costs other than the normal closing costs. The asking price is not much of an indication as to what you end up paying. I have seen properties sell at "higher than asking" (not usual), but it has happened, when a bank priced the home below market and there were not any other REO properties in that area. And I have seen others sell for 20-30% less than asking price. This may depend not only on the market conditions and comps in the area, but also how much of a "loss" is the bank willing to take. This can vary with each bank.

There are other situations where a property is auctioned and in that case, you must be VERY CAREFUL not to purchase a home with outstanding liens against the property. These properties do not necessarily guarantee clear title. You may need to accept the property and be responsible for the existing liens.

The very best thing to do is find an experienced agent in the area that you are searching and let them help you. It cost you nothing to get a Buyer's agent and this is what you want. A certified ABR is best, they are specifically trained in working for the buyer.

Feel free to give me a call Judi Wolfson, ABR, CRS, ePro500
800-339-5834
... more
0 votes 5 answers Share Flag
Fri Oct 31, 2008
Suzanne Kelly answered:
This property settled on April 30 for $265,000. Give me a call and I can help you find another property.
0 votes 2 answers Share Flag
Mon Oct 6, 2008
Terrence Charest answered:
What is the address of the home? I'd be happy to try to find out what I can for you.
0 votes 3 answers Share Flag
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