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Buying and Investing in Philadelphia Foreclosures and Sheriff Sales

Entries for the ‘Foreclosure Financing’ Category

Buying HUD Homes in Philadelphia

Aug.11, 2008 in FixerUppers, Foreclosure Financing, Philadelphia Foreclosures, Real Estate Investing

What is a HUD Home?
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.
Who can buy a HUD Home?
Anyone. If you [...]

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Getting Ready to Invest.

Aug.10, 2008 in Foreclosure Financing, Real Estate Investing, Sheriff Sales

Before you begin searching for a foreclosure as an Investment, the first thing to do is to check your own financial status and make sure you can prequalify for a mortgage (or have other funding available).
The best resource for learning and building up your credit score is the source itself:

Get Equifax Score Watch Now!
Suze Orman’s [...]

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