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Foreclosure in Bensalem : Real Estate Advice

  • All113
  • Local Info8
  • Home Buying32
  • Home Selling1
  • Market Conditions5

Activity 9
Fri Sep 28, 2012
Joshua Stein answered:
Your question might be better served being asked in a forum about Florida properties, not Bucks County, PA.
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Fri Sep 28, 2012
Ron Thomas answered:
The Listing price is not the "bottom Line" and in fact, the Bank may have had nothing to do with the Listing price. Quite often the Listing Agent will chose a Listing price based on encouraging Multiple Offers.

The Listing could be High, Low or somewhere in between.

Your best bet is to enlist the aid of a Buyer's Agent to help you. He will do Comp's, evaluate the property, possibly do some Inspections, and help you determine the Value of the property.

The Buyer's Agent is paid by the Seller, so this service will cost you nothing; but if you do not get one, it could cost you a lot.

Good Luck and may God bless
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Fri Sep 28, 2012
Tony McMahon answered:
Hi Brown, I would be happy to assist you with your P.G. REO search. Email me at exitman@comcast.net. or call me 301-934-2022
0 votes 3 answers Share Flag
Fri Sep 28, 2012
Alyse Sands answered:
You should find your own buyer's representative in your area that can help you to determine the facts. Buyer representation is usually @ no cost to you. If you'd like a referral based on your preferences and someone you think would suit you, please let me know and I'll find someone for you in your area through my network of experienced professionals.

Alyse Sands, Broker
Village Real Estate Services,
Nashville, TN
615-668-9940
ASands@RealtyNashville.com
... more
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Sat Mar 6, 2010
Fran and Mark Redding answered:
Megan

There are currently 7 homes in Bensalem for sale under $150,000. Five are bank owned and two are individualy owned. So properties are available. The problem is getting approved for financing and getting approved for a specific property. All of these are being sold "AS IS" with the buyer responsible for the Use and Occupancy certificate.
So to answer you questions.
1. You can get a deal on a foreclosed home. Do no however confuse a foreclosed home with a home in foreclosure.
2 FHA will finance a foreclosed home however the homes condition may make it problematic. Look for a home that qualifies for Home Path financing.
3. If you are under contract by April 30 and close by or before June 30th and otherwise qualify for a home buyer credit, then you qualify. The fact that you buy a bank owned property does not prohibit you from taking the credit.
4. No the type of house does not matter for the tax credit. You must qualify and the property must be used as your primary residence.

Keep in mind that Foreclosure web sites often liist information from the public record of properties that may be in financial distress. This does not mean that they are for sale or available at the prices indicated. Furthermore many sites ask you to pay for a "list" of available properties. We advise caution when something seems to be to good to be true or when anyone is asking you to pay up front.
If you want any other information do not hesitate to contact us.

Fran and Mark Redding
Prudential Fox Roach
1010 Stony Hill Road
215-504-7500
215-321-3307 DIRECT
www.FranandMark.com
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0 votes 7 answers Share Flag
Thu Feb 4, 2010
Renee Porsia answered:
Hello Ccroyal,

I am sorry to hear about your situation. I would love to get more information from you. I am an expert with pre-foreclosures and short sales. My focus would be to help you keep your home.

Please feel free to contact me as this information that you would provide is confidential.

Feel free to check out my website: http://www.reneeporsia.com

Renee Porsia
Associate Broker
RE/MAX ACTION
(215) 669-0589 Direct
(215) 358-1100 Office Ask for Renee
http://www.reneeporsia.com
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Sun Mar 7, 2010
Paul Priestley answered:
Megan I can help you through this process. Buying a Bank owned property is not much different then buying a property from a private owner only banks usally take a lot longer to accept your offer and they will not make any repairs for they are already taking a loss on the property.
There are mortgages that will allow you to borrow fix up money as part of the mortgage. They're based on the value of the house after it's fixed up they're called 203k loans.
Megan please contact me and I will give you more information on this and put you in contact with mortgage professionals who offer different programs.
My e-mail... ppriestley@kw.com
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Mon Jun 8, 2009
Judie Kriegler & Laurence Elliott answered:
Please e mail me the property information (MLS # or address) and I will give you details via email or phone.
Thank you,
Judie Kriegler, REALTOR
judiekriegler@comcast.net
0 votes 2 answers Share Flag
Sat Mar 28, 2009
David Najdzinowicz answered:
Toni, In order to make an offer you will want as much information on the property as possible. I would be able to help get that information and also help you with the offer process. I'm a full time Realtor working out of Yardley. Please give me a call, 267-210-8713 or send me an email at RealtorDaveNaj@yahoo.com so I can do some research on the property you are interested in. I look forward to hearing from you.
Sincerely,
David Najdzinowicz, Realtor/Partner
Keller Williams Preferred Real Estate
Yardley, PA 19067
w: 215-493-0200
c: 267-210-8713
... more
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