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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

    property image
    257 E Stella Street, Philadelphia $22,500

    257 E Stella st! Nice opportunity to put your hands on a multi family zoned lot in an upcoming area in the Philadelphia. This is an assignment of bid! Property was boug...

    Courtesy of Level 18 Realty

    Listing courtesy of Level 18 Realty.

    847 E Westmoreland   Street, Philadelphia image
    847 E Westmoreland Street, Philadelphia $53,000 ▼

    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
    Courtesy of Independence Real Estate Sales LLC

    Listing courtesy of Independence Real Estate Sales LLC.

    2542 S 68th   Street, Philadelphia image
    2542 S 68th Street, Philadelphia $59,000

    If you can dream it you can make it happen! As-Is sale in Elmwood Park. No interior access, buyer will accept property with current occupants, property will not be delive...

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

    Listing courtesy of Century 21 Advantage Gold-South Philadelphia.

    2619 W Lehigh   Avenue, Philadelphia image
    2619 W Lehigh Avenue, Philadelphia $79,900 ▼

    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...

    Courtesy of American Destiny Real Estate-Philadelphia

    Listing courtesy of American Destiny Real Estate-Philadelphia.

    8072 Erdrick   Street, Philadelphia image
    8072 Erdrick Street, 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.

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    © 2021 TReND. All Rights Reserved.
    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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