Foreclosed Homes for Sale In Havertown PA
According to CoreLogic, since the financial crisis began in September 2008 there have been approximately 3.9 million completed foreclosures across the country and... according to Radar Logic there were approximately 1.3 million homes, or 3.2 percent of all U.S. homes with a mortgage in the national foreclosure inventory as of October 2012 compared to 1.5 million, or 3.6 percent, in October 2011.
A related November 2012 report from Lender Processing Services indicates there are 1.8 million properties in pre-sale foreclosure and another 3.5 million properties more than 30 days or more past due but not in foreclosure, leading to a total of 5.3 million properties currently in distress.
Radar Logic and other experts believe that at some point, “these distressed properties will make their way onto the market”. What this tells us is that opportunities to buy foreclosed and other distressed properties will persist for at least a few more years.
Looking for a foreclosure in Havertown?
Interested in foreclosed homes for sale in Havertown PA? Click that link to find all of the currently available homes in this area.
What’s Havertown Like?
Havertown is a bustling neighborhood in Haverford Township, a part of Philadelphia's famous Main Line suburbs. Havertown is the kind of area where people know their neighbors and can walk just a few blocks to get what they need. If you feel like driving; it takes only five minutes to drive to Lancaster Avenue in Ardmore and less than 30 minutes to Center City, Philadelphia to the east or the great King of Prussia Mall to the west. It is notable for being the birthplace of Swell Bubble Gum, where the new YMCA is being built on Eagle Road. The area takes pride in its distinct Irish heritage and is home to many Irish bars and other shops along its main shopping districts on Darby, Eagle and Brookline Roads.
Havertown is home to over 30 outdoor parks and playing fields. The town also provides other recreation facilities including the Haverford Township Free Library, an outdoor skate park, and the Haverford Township Skatium, a multi-use ice rink. Golfing great Ben Hogan captured the 1950 U.S. Open at Merion Golf Club, one of the nation’s most famous golf courses located in nearby Ardmore. The Merion Cricket Club has hosted many great tennis players. The Grange Estate, now a museum, can rightfully claim that “George Washington slept here.”
Havertown is served by the School District of Haverford Township, which has one high school, one middle school, and five elementary schools.
Other notable nearby neighborhoods include: Lynnewood Park, Westgate Hills, Llanerch, Manoa, Oakmont, Coopertown, Brookline and Hilltop. Just click to find out everything that is going on in Havertown.
Why buy a foreclosure?
According to most experts, foreclosed homes can normally be bought at a 10 to 20 percent discount to the market. Often these homes have been vacant for some time so buyers should anticipate having to make some repairs. These homes are bank owned and marketed by professional realtors so closing these
transactions should only take a few more weeks than a normal transaction. These homes often attract investors who intend to “flip” these homes or rent them after making necessary repairs or improvements.
Now You Really Want To Find A Foreclosed Home Here, Right?
If you are interested in the current foreclosed homes for sale in Havertown PA click on the link. Our for sale property information is a direct feed from the MLS and is updated multiple times per day.