Foreclosure's are properties owned by mortgage lenders because the original owner defaulted on the loan payments. Generally speaking, the mortgage lender initiates the foreclosure process after three months of non-payment by the borrower. Milia Team Realty specializes in representing buyers and investors of the following 3 types of foreclosure properties:
Foreclosure's usually represent great deals on housing, but are by no means for the faint of heart. Buyers and investors of foreclosure's are typically (but not always) purchasing the property with cash, or have a lot of cash on hand to handle the repairs and renovations that most foreclosure properties require. Traditional Conventional, FHA and VA financing usually will not work with a foreclosed property, because the typical condition of a foreclosure will not pass the strict appraisal/inspection process associated with Conventional, FHA and VA loan programs. But if cash is not an option, other renovation loan programs exist such as FHA 203k and the Homepath Renovation Mortgage (for use on Fannie Mae Foreclosures only). Some of Milia Team Realty's trusted loan officers also offer Conventional Renovation Loans, contact us directly for details on these programs.
Talk about location, just steps aways from Virtua hospital. This larger home is in need of a "fixer upper" to bring it back to its full beauty. This is a bank owned prop...
Listing courtesy of Keller Williams Realty - Moorestown.
This charming home welcomes you to enjoy the "Borough"of Doylestown and all it has to offer - Shops, Museums, the Elementary School, Restaurants, Fanny Chapman Pool and ...
Listing courtesy of RE/MAX Centre Realtors.
This is a Fannie Mae HomePath property. Middle brick row home with an open front porch and fenced rear yard. The first floor includes a living room/dining area and kitche...
Listing courtesy of Century 21 All Elite Inc-Brookhaven.
© 2019 TReND. All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the TReND Internet Data Exchange (IDX) program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Real Estate Company participates, and is provided by TReND through a licensing agreement. Real estate listings held by brokerage firms other than Real Estate Company are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
All information provided is deemed reliable but is not guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.