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Buying and Investing in Philadelphia Foreclosures and Sheriff Sales

Entries for the ‘Real Estate Investing’ Category

$500 @ Lowes or Home Depot

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.
Related PostsBuying HUD Homes in PhiladelphiaBuild Residual Income by Turning Foreclosures into Rental UnitsGetting [...]

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Build Residual Income by Turning Foreclosures into Rental Units

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 [...]

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Investor Alert: Philadelphia Foreclosures Increasing

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 [...]

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Buying HUD Homes in Philadelphia

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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Event: Foreclosure Auction Webinar

Foreclosure.com is putting on another free Webinar for bidding on Foreclosure auctions.
Here are the particulars:

ASK QUESTIONS. GET ANSWERS.
FREE FORECLOSURE AUCTION WORKSHOP
WHEN: Wed., Aug. 20, 9 p.m. ET/6 p.m. PT
Learn how to buy homes at foreclosure auctions for significantly reduced prices, whether it’s online or in a ballroom in your backyard, during this FREE 90-minute Webinar [...]

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Getting Ready to Invest.

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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Finding Foreclosures

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 [...]

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Philadelphia Sheriff Sale TOMORROW

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 [...]

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