» MORE: Are you an investor who needs more leads on properties? Check out DealMachine 4. You can find auctions listed in the real estate or legal notices section of your local newspapers or by searching 'foreclosures' on pa.and. On the other hand, if you're experienced in real estate, have substantial cash reserves, and are willing to take the risk of buying a home site unseen, you might try your hand at an auction. For government-owned foreclosures, you can look on the HUD home store. You can find pre-foreclosures and REOs on the local MLS (e.g., PennLive MLS), as well as real estate sites like RealtyTrac, Zillow, and. The processes for buying these properties are more similar to traditional home purchases. We recommend most buyers stick to pre-foreclosures and REOs in Pennsylvania. Talk to a Clever agent today to see what they can do to help you navigate the foreclosure process and find your dream home. Having the inside track could mean being the first person able to put in an offer on a property with great It's also possible your agent will have a relationship with REO departments of local lenders or other entities who deal with foreclosed homes. They help you navigate the additional risks, effectively negotiate with motivated andĭistressed sellers, and avoid missing important deadlines. That's why hiring an agent with experience with foreclosures can make all the difference. Hire a top Pennsylvania realtor with foreclosure expertiseīuying a foreclosed home in Pennsylvania can be a complicated process. Most buyers just use their own cash at auctions given the steep interest rates of hard money loans.Ģ. Generally, traditional financing is not an option for foreclosure auctions, so you will either need to borrow from a hard money lender or use cash.

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