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
Wonderful townhome oozing with potential, perfect for first-time homeowners or investors. This home was built in 1925 and features 3 bedrooms and 1 bathroom, with plenty ...
- 3 Beds
- 1 Baths
Listing courtesy of RealHome Services and Solutions, Inc..
Great opportunity for this spacious Two Twin row located in the Nice town section of Philadelphia. Property features open front porch, spacious living room, dining room, ...
- 3 Beds
- 1 Baths
Listing courtesy of Elfant Wissahickon-Mt Airy.
Excellent development opportunity for investors or anyone looking to build a home in Temple University area. Property is a 2,640 square foot lot between two properties, ...
Listing courtesy of Elfant Wissahickon-Mt Airy.
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Listing courtesy of Patty's Real Estate Group.
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Listing courtesy of Patty's Real Estate Group.
Tenant occupied property current rent is 800 a month long term tenant , showing will be done with the coordination with the management company in order not to disturb the...
- 2 Beds
- 1 Baths
Listing courtesy of Equity Pennsylvania Real Estate.
Great opportunity for this spacious Two Story Brick row located in the Tacony section of Philadelphia. Property features open front porch, spacious living room, eat in ki...
- 3 Beds
- 1 Baths
Listing courtesy of Elfant Wissahickon-Mt Airy.
Large residential lot, great for new construction, single, duplex, or quadraplex building.
Listing courtesy of Shel-Sone Realty Inc.
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