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Foreclosure - What is it?

A Foreclosure is a situation in which a homeowner is unable to make full principal and interest payments on his/her mortgage , which allows the lender to seize the property, evict the homeowner and sell the home, as stipulated in the mortgage contract. One month after the homeowner misses a mortgage payment, he/she is in default and will be notified by the lender. Three to six months after the homeowner misses a mortgage payment , assuming the mortgage is still delinquent and the homeowner has not made up the missed payments within a specified grace period, the lender will begin to foreclose. The farther behind the borrower falls, the more difficult it becomes to catch up, since lenders add fees for payments that are 10 to 15 days late.

Foreclosed Properties in Philadelphia Area

108 E Tioga Street, Philadelphia image
108 E Tioga Street, Philadelphia $19,900

Two story, three bedroom row home. Property needs repairs but priced to sell fast. Great investment potential, perfect starter home for a handyperson. Easy to show, make...

  • 3 Beds
  • 1 Baths
Courtesy of Connor & Connor REO

Listing courtesy of Connor & Connor REO.

3429 Kip Street, Philadelphia image
3429 Kip Street, Philadelphia $22,000

Great opportunity for an investor looking for a shell condition property in an up and coming neighborhood. ***Property listed "AS IS" with seller making no representation...

  • 2 Beds
  • 1 Baths
Courtesy of Coldwell Banker Preferred-Old City

Listing courtesy of Coldwell Banker Preferred-Old City.

2626 N Hutchinson Street, Philadelphia image
2626 N Hutchinson Street, Philadelphia $35,500 ▼

If you have a vision to restore and a heart to turn a house to a warm home this is for you, Lot's of potential. Start with a 2 story row home, 3 bedroom 1 bath, 1160 sq ...

  • 3 Beds
  • 1 Baths
Courtesy of WRI Property Management

Listing courtesy of WRI Property Management.

2602 S Sylmar Street, Philadelphia image
2602 S Sylmar Street, Philadelphia $37,000

This property has an open porch, living room with hardwood floors. It has an eat-in kitchen, and 3 -bedrooms

  • 3 Beds
  • 1 Baths
Courtesy of Brown Realtors

Listing courtesy of Brown Realtors.

5612 Ridgewood Street, Philadelphia image
5612 Ridgewood Street, Philadelphia $39,900

Don't miss out on the opportunity to own this great 2 story brick row located in Southwest section of city. This 2 story brick row offers open front porch, small front la...

  • 3 Beds
  • 1 Baths
Courtesy of Elfant Wissahickon-Mt Airy

Listing courtesy of Elfant Wissahickon-Mt Airy.

202 W Duncannon Avenue, Philadelphia image
202 W Duncannon Avenue, Philadelphia $44,900

Opportunity knocks with a little elbow grease to own and live in desirable Olny section of Philadelphia. Take advantage of the neighborhood Specialty Shops, Restaurants, ...

  • 3 Beds
  • 1 Baths
Courtesy of MLS Direct

Listing courtesy of MLS Direct.

6002 N 16th Street, Philadelphia image
6002 N 16th Street, Philadelphia $45,000

Want to start in Real Estate Investment? Are YOU looking for another step in Building your Portfolio? Are YOU looking for an As-Is Property - that ALREADY has a Good As-I...

  • 3 Beds
  • 1 Baths
Courtesy of Century 21 Advantage Gold-South Philadelphia

Listing courtesy of Century 21 Advantage Gold-South Philadelphia.

7396 Wheeler Street, Philadelphia image
7396 Wheeler Street, Philadelphia $47,000

None

  • 3 Beds
  • 1 Baths
Courtesy of Brown Realtors

Listing courtesy of Brown Realtors.

3818 N Sydenham Street, Philadelphia image
3818 N Sydenham Street, Philadelphia $47,000

Here is a nice porch-front row home in a convenient location that's affordable. This home features a central entrance hall with living and dining rooms to one side and t...

  • 3 Beds
  • 2 Baths
Courtesy of Independence Real Estate Sales, LLC

Listing courtesy of Independence Real Estate Sales, LLC.

4921 N Carlisle Street, Philadelphia image
4921 N Carlisle Street, Philadelphia $50,000 ▼

Solid property with loads of potential?why not transform this house into your home or turn it into the investment CASH COW you've been dreaming of! Located in the Logan ...

  • 3 Beds
  • 3 Baths
Courtesy of Diversified Realty Solutions

Listing courtesy of Diversified Realty Solutions.

3824 N Gratz Street, Philadelphia image
3824 N Gratz Street, Philadelphia $52,800

Great opportunity for an investor or savvy buyer looking for fixer in an up and coming neighborhood in North Philly! Porch front property with straight thru floor plan. *...

  • 3 Beds
  • 1 Baths
Courtesy of Coldwell Banker Preferred-Old City

Listing courtesy of Coldwell Banker Preferred-Old City.

4745 N Camac Street, Philadelphia image
4745 N Camac Street, Philadelphia $54,900 ▼

Opportunity knocks with a little elbow grease to own and live in desirable location in uptown Philly. Take advantage of being close to neighborhood Specialty Shops, Resta...

  • 3 Beds
  • 1 Baths
Courtesy of MLS Direct

Listing courtesy of MLS Direct.

5526 Jane Street, Philadelphia image
5526 Jane Street, Philadelphia $55,000 ▼

Wonderful opportunity for this Two story brick row offering open front porch, spacious living room, dining room kitchen with walk out access to fenced in rear yard. Secon...

  • 3 Beds
  • 1 Baths
Courtesy of Elfant Wissahickon-Mt Airy

Listing courtesy of Elfant Wissahickon-Mt Airy.

5718 Osage Avenue, Philadelphia image
5718 Osage Avenue, Philadelphia $55,000

Here is a nice porch front row home in a convenient location. Just one block from the local elementary school, and near several bus lines, the convenience is hard to bea...

  • 3 Beds
  • 1 Baths
Courtesy of Independence Real Estate Sales, LLC

Listing courtesy of Independence Real Estate Sales, LLC.

124 N 53rd Street, Philadelphia image
124 N 53rd Street, Philadelphia $55,000

This house can be turned into a beautiful home with some great vision. Nice size 2 story rowhome with 3 bedrooms, full bath, living room, dining room and full unfinished...

  • 3 Beds
  • 1 Baths
Courtesy of WRI Property Management

Listing courtesy of WRI Property Management.

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The data relating to real estate for sale on this website appears in part through the TReND Internet Data Exchange (IDX) program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Real Estate Company participates, and is provided by TReND through a licensing agreement. Real estate listings held by brokerage firms other than Real Estate Company are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
All information provided is deemed reliable but is not guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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