Search Foreclosure Properties
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
2-floor attached single-family house in need of repairs. Sold as-is.
- 2 Beds
- 1 Baths
Listing courtesy of Iron Valley Real Estate of Lehigh Valley.
A large row home in a convenient location. This is an excellent opportunity to add to a rental portfolio or for a convenient place to live. This large row features a fu...
- 3 Beds
- 1 Baths
Listing courtesy of Independence Real Estate Sales LLC.
Welcome to your next investment opportunity - Property is a shell - needs complete renovation. Property being sold in "AS-IS", "WHERE-IS" condition. No Sellers Disclosu...
Listing courtesy of American Destiny Real Estate-Philadelphia.
Large residential lot, great for new construction, single, duplex, or quadraplex building.
Listing courtesy of Shel-Sone Realty Inc.
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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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