Tag Archive for Philadelphia foreclosures

Good news for homeowners facing foreclosure!

by Raquel Mangual • June 15, 2012 • 0 Comments

If you are a Philadelphia homeowner facing foreclosure and are considering a shortsale, the process will may become easier for you beginning June 15th! The Federal Housing Administration (FHA) now requires final shortsale decisions within 60 days on Freddie Mac…

Pennsylvania eliminates foreclosure help programs

by Raquel Mangual • August 6, 2011 • 0 Comments

If you’re a homeowner in Philadelphia who is facing foreclosure, your options for help have been reduced. The state budget cuts enacted last month killed the Homeowners Emergency Mortgage Assistance Program (HEMAP) which provided temporary loans to homeowners in default.…

Diary of a shortsale – Part 2: Banks are good at being inefficient

by Raquel Mangual • March 18, 2011 • 0 Comments

I had to get an attorney involved with this deal because it’s getting sticky. The seller has a mortgage and a HELOC on the property, both with the same lender. However, the lender is requiring that the shortsale for each…

Philadelphia Foreclosure Sheriff Sales are resuming

by Raquel Mangual • March 15, 2011 • 0 Comments

The Mayor and Sheriff’s Office of Philadelphia have finally signed a deal that will allow the Sheriff’s office to resume the monthly auction sale of foreclosure properties. The monthly sheriff sales had been postponed since the resignation of Sheriff John…

Ten Reasons to Avoid Foreclosure

by Raquel Mangual • August 3, 2010 • 0 Comments

Foreclosure Follows You – Homeowners will always have to disclose that they have had a foreclosure on any mortgage application and many job applications that they submit in the future. This can have an adverse effect on their future mortgage…

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