Philly-Foreclosure.com

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 [...]

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 [...]

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 [...]

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 [...]

A list of resources to get you started in your search for the perfect investment opportunity.
Internet Foreclosure Companies
Foreclosure.com is a web-based foreclosure aggregator that, in exchange for a small monthly fee, provides a list of foreclosure properties in your area.

Foreclosure.com

Philadelphia Real Estate Agents
Major bank Web sites
Many banks maintain online lists of foreclosed properties. Here are [...]

FYI: The Sheriff Sale is tomorrow, August 5th @ 10 a.m.
Location: The First District Plaza, 3801 Market Street, 3rd Floor, Philadelphia, PA
List of homes for sale can be found here.
The conditions of sale/ buying a foreclosure are:

Ten percent of the highest bid for each property auctioned off shall be deposited in cash, certified check, attorney’s [...]