Found this online- answer a quick survey or two and qualify to get a $500 Home Depot or Lowe’s Gift Card. Not bad if you already own a home, and really useful if you plan on buying one soon. See for yourself here:
Home Depot or Lowes $500 Gift Card
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The next Sheriff Sale and Tax Lien auction will be held January 6, 2009 at 10 a.m. and 1 p.m., respectively.
More detailed information can be found here.
SHERIFF’S SALE JANUARY 6, 2008
253-301 to 253-858
Properties to be sold by John D. Green
January 6, 2008 10:00 a.m. at The First District Plaza
3801 Market Street, 3rd Floor, Philadelphia, PA
Judicial Mortgage Foreclosure Sales
Don’t miss this fantastic opportunity. Get in now before the market recovers!
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With the rise in gas prices and inflation, it doesn’t take a trend theorist to come to the conclusion that the era of McMansions an hour commute or more from an urban center are all but over.
Instead of lamenting the change, Real Estate investors should be seeing dollar signs in foreclosed properties near urban centers.
Couples and young families are going to seek to mitigate their expenses by moving to an area that,
The easiest way to become a successful entrepreneur is this: Deliver a Solution to a Problem.
Good real estate investors know that the opportunity in buying foreclosed properties to refurbish into rentable units, whether a home or a multi-family dwelling, is a TOO huge to pass up.
Brett Carmen struck upon this over at Trump Blog on 7/31 in a post entitled: The Opportunity is High in Rental Properties…
Think about this…around the country, there are many areas that are experiencing a pricing downturn in home prices. Simultaneously, home loan requirements are on the rise making it more difficult for homebuyers to qualify. Add that to the millions of foreclosures causing families to be displaced looking for more affordable housing. Where are those families going?
The answer is simple.
They are moving into rental properties that are more in line with what they can now afford to pay.
Riches await those who heed and answer a need before customers are even aware of it.
Click here to check out available foreclosed properties in Philadelphia.
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An article from the Philadelphia Business Journal (7/25/08) outlines the ways in which foreclosures are increasing throughout the city.
Foreclosure filings in the Philadelphia metro area in the second quarter were up 47 percent from the same period last year, compared to a 121 percent increase nationally, and up 62 percent from the first quarter of this year, compared to 14 percent for the nation…
The legislation Philadelphia’s City government has passed to try to combat a citywide foreclosure epidemic is helping some of the most deserving homeowners get a second chance, but simultaneously gumming up the works in city government.
Investors would do well to monitor the Philadelphia Foreclosure Listings and, specifically, to target areas just outside of currently ‘hot’ markets. For example, the number of foreclosures have increased in the area just south of Bella Vista in South Philadelphia. As the South Street corridor and Bella Vista continue their southerly expansion, this might be a good buy-develop-and-hold market to consider.
The areas just outside of Philadelphia also present investment opportunities.
For example, Camden’s waterfront revitalization seems to have just gained traction in the last two to three years, and we predict will continue to do so as opportunities for young professionals and entrepreneurs increase. This once-blighted, now-promising city also has one of the highest rates of foreclosures in the nation.
Camden, N.J, moved up to No. 42 from No. 57, with one in every 177 households in foreclosure, compared to one in every 248.
Among the U.S. States… New Jersey ranks No. 12 in Foreclosures, with one in every 201.
Investment opportunities narrow over time, though.
This same article mentions that the increase in foreclosures this quarter likely stems from bank repossessions, or REOs, being up – indicating “that there is a progression toward purging the problem loans out of the system– at which point the housing market can regain some sense of normalcy.”
If you are reading this, you are interested in investing in foreclosures- and you have a window of opportunity right now that you are not likely to see again in your lifetime.
What are you waiting for?
Try out Foreclosure.com‘s Listings for 7 Days- FREE!
You’ll be able to explore Philadelphia’s most accurate source of foreclosures, preforeclosures, bankruptcies, FSBOs, and tax liens in one place… and receive free daily email alerts about new properties in your area.
Remember- it’s free for a week! If you aren’t fully satisfied, you can cancel at anytime.
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A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.
Anyone. If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.
All properties available for purchase by the public are offered for sale at Internet listing sites maintained by management companies under contract to HUD. Any real estate broker registered with HUD may submit an offer and contract to purchase on your behalf. HUD pays the real estate broker’s commission, if included in the contract.
Get an inspection after your offer is accepted. All HUD Homes are sold AS-IS, without warranty. HUD will not make repairs nor pay to correct any problems.
Although HUD does not offer financing directly, some of homes qualify for FHA-insured loans.
Text from HUD.gov
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