Monday, March 17, 2008

Philadelphia Foreclosure Homes are a Great Way to Stop the Rental Nightmare

Many people enjoy the conveniences of apartment living, but investing in a home of your own with Philadelphia foreclosure homes can be well worth your time. One of the many reasons that families look to purchase their own homes in Philadelphia are so they can have the freedom of their own space. Philadelphia homes in foreclosure can be a great way to invest in your first home because of their value.


Most everyone dreams of owning their own home. Not having a landlord telling you what you can and can not do with your property is just one reason to choose owning a home over living in an apartment. You may think that owning a home is not within your budget, however, with Philadelphia bank foreclosures, this dream may be well within reach.

Philadelphia foreclosed houses can many times be found at an outrageous discount. One such example is this 1,360 square foot home is on the market for around $52,000.00. It is valued at over $200,000.00. Finding a huge deal with a Philadelphia foreclosure homes is very much something you can do in this city. Statistics show that foreclosures were up, in Philadelphia, 39% for the month of November. This means there are a great many homes in the foreclosure market right now in Philadelphia and more chances for you to get a great deal on a home.

Philadelphia foreclosure listings are full of homes in great locations with access to school districts and recreational areas. Philadelphia bank foreclosures can be purchased at prices far below their market value. Make sure you research the area that you are looking for Philadelphia foreclosure homes in. You will also want to look into how many months’ homes in the area stay on the market when they are up for sale. This information helps to give you a better idea about the Philadelphia foreclosure homes you are looking to purchase.

Having your dream home is not as far out of reach as you might think with Philadelphia foreclosure homes. If you can stop giving away your hard earned money for an apartment month after month and work your way into your own home, you are ahead of the game. The money you can save from purchasing Philadelphia foreclosure homes instead of a normal home on the market, might help you find yourself actually able to buy a bigger, better home.

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