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.
***BACK ON MARKET DUE TO STRUCTURAL INSPECTION (attached)***Welcome to your next investment opportunity - Property is a shell - needs complete renovation. Property being...
Listing courtesy of American Destiny Real Estate-Philadelphia.
West Philly 3 Bedroom and 1 full bath House is rented with good paying renter 600 and tenant pays water, house needs some TLC. 24-48 hours to show. All offers will be p...
Listing courtesy of Keller Williams Philly.
Welcome to this 2 story brick row offering open front porch and rear driveway, spacious living room, dining room, kitchen. Second floor shows 3 sizable bedrooms and 3 pc....
Listing courtesy of Elfant Wissahickon-Mt Airy.
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