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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

3133 Reach St, Philadelphia image
3133 Reach St, Philadelphia $34,900 ▼

Great opportunity to own this 2-story brick row home, located in Kensington of Philadelphia, First floor shows spacious living room, dining room, kitchen with walk out ...

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

Listing courtesy of Elfant Wissahickon-Mt Airy. Contact: (215) 247-3600

4913 D St, Philadelphia image
4913 D St, Philadelphia $42,500

This is an auction property. Welcome to this 2-story brick row home located in Olney section of Philadelphia. Property offers enclosed front porch, living room, dining ro...

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

Listing courtesy of Elfant Wissahickon-Mt Airy. Contact: (215) 247-3600

6008 Reinhard St, Philadelphia image
6008 Reinhard St, Philadelphia $44,000

Two story, 3 bedroom, porch front, end of row located just off of 60th and Kingsessing Ave. Nice sized first floor. 2nd floor ready for 3 bedrooms plus full bath. Conveni...

  • 3 Beds
  • 1 Baths
Courtesy of Premier Real Estate Inc

Listing courtesy of Premier Real Estate Inc. Contact: (215) 732-5355

2139 E Monmouth St, Philadelphia image
2139 E Monmouth St, Philadelphia $49,900 ▼

Prime lot available in the desirable Port Richmond Area! Buildable RSA-5 lot, shovel ready. Build your dream home, or build a home with lucrative rental income. Buy now ...

Courtesy of RE/MAX Elite

Listing courtesy of RE/MAX Elite. Contact: (215) 328-4800

511 E Westmoreland St, Philadelphia image
511 E Westmoreland St, Philadelphia $49,900

Close to the Shopping, Public Transportation, and resurging Kensington and Allegheny but far enough away to enjoy peace and quiet. Athletic field close by. Easy access to...

  • 3 Beds
  • 1 Baths
Courtesy of Diversified Realty Solutions

Listing courtesy of Diversified Realty Solutions. Contact: (215) 248-4444

2341 N Carlisle St, Philadelphia image
2341 N Carlisle St, Philadelphia $60,000 ▼

Opportunity Knocks But Once! Amazing location in Templetown just minutes from Temple University. This shell is ready for it's new owner to create either an income produc...

  • 3 Beds
  • 3 Baths
Courtesy of Keller Williams Philadelphia

Listing courtesy of Keller Williams Philadelphia. Contact: (215) 627-3500

547 N Wanamaker St, Philadelphia image
547 N Wanamaker St, Philadelphia $67,500

Two story, 3 bedroom, porch front row home located just off of 58th and Girard Ave. Front living room, dining room and kitchen on the first floor. Three bedrooms plus ful...

  • 3 Beds
  • 1 Baths
Courtesy of Premier Real Estate Inc

Listing courtesy of Premier Real Estate Inc. Contact: (215) 732-5355

1671 N Wilton St, Philadelphia image
1671 N Wilton St, Philadelphia $68,000 ▼

Great location - very close to Fairmont park. The number of rooms and bathrooms is unknown. Per public records, it is 3/1. Per the last listing is 2/2. The situation wit...

  • 2 Beds
  • 2 Baths
Courtesy of ROI National Realty Corp

Listing courtesy of ROI National Realty Corp. Contact: (215) 395-8011

2164 Conlyn St, Philadelphia image
2164 Conlyn St, Philadelphia $74,900 ▼

The numbers work for the savvy investor. Strong rental potential; close to University, Broad and Olney Transportation hub, Recreation Field, and major teaching hospitals....

  • 3 Beds
  • 1 Baths
Courtesy of Diversified Realty Solutions

Listing courtesy of Diversified Realty Solutions. Contact: (215) 248-4444

property image
6235 Washington Ave, Philadelphia $79,000

Calling all new construction builders in the tri country area. Nice large lot. Property was a twin. All of the properties on the block are large and tall. New constructio...

Courtesy of Realty Mark Associates

Listing courtesy of Realty Mark Associates. Contact: (215) 376-4444

161 N Dewey St, Philadelphia image
161 N Dewey St, Philadelphia $80,000

Two story, 3 bedroom, porch front row located on a small residential street in West Philadelphia. Conveniently located just off of Market Street and close to transportati...

  • 3 Beds
  • 1 Baths
Courtesy of Premier Real Estate Inc

Listing courtesy of Premier Real Estate Inc. Contact: (215) 732-5355

6231 N Hope St, Philadelphia image
6231 N Hope St, Philadelphia $83,200

Handyperson's special... This 2 bedroom, 1 1/4 bath home has lots of potential. Priced to sell, includes a front lawn and rear driveway. Full basement with updated mec...

  • 2 Beds
  • 2 Baths
Courtesy of Connor & Connor REO

Listing courtesy of Connor & Connor REO. Contact: (215) 333-7078

517 Sigel St, Philadelphia image
517 Sigel St, Philadelphia $89,000 ▼

None

Courtesy of Keller Williams Philly

Listing courtesy of Keller Williams Philly. Contact: (215) 607-6007

5237 Wakefield St, Philadelphia image
5237 Wakefield St, Philadelphia $89,900 ▼

End of row modern 3 bed room yard and basement. For more details please call our office and go to the web site and register by adding your name and email address. Showi...

  • 3 Beds
  • 1 Baths
Courtesy of Mount Airy Real Estate

Listing courtesy of Mount Airy Real Estate. Contact: (215) 848-6030

8072 Erdrick St, Philadelphia image
8072 Erdrick St, Philadelphia $90,000 ▼

Large residential lot, great for new construction, single, duplex, or quadraplex building.

Courtesy of Shel-Sone Realty, Inc.

Listing courtesy of Shel-Sone Realty, Inc.. Contact: (215) 603-0169

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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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