There was a recent question on a friend’s Facebook page about purchasing access to foreclosure listings in Pike and Wayne County PA. My friend told the person asking the question
to avoid paying for access to these listings, and I had to back her up.
Do NOT pay for access to these so-called “foreclosure lists.” While some of the listings may be valid and active, many of them are sold or otherwise no longer on the market.
You will most likely waste your money.
You can find foreclosure listings free here:
You’ve probably seen websites of “HUD Homes” and you assume it is an official HUD.gov site – but it probably is 3rd party aggregation instead that may or may not be accurate. Here is an official link to HUD and other government agency home listings.
How about the big bank sites?
Note: Chase mentions that all of their REO properties (Real Estate Owned) are listed with a local real estate agent. To quote their site: “All Chase REO properties are listed with a local real estate agent. The local real estate agent is your best source for information about the property. The agent’s contact information is listed with the property details on the Chase Properties website.”
Some of these websites may not be 100% up to date; truly, a local real estate agent will be your source for the most current info. This is likely true with ALL bank owned / REO properties – the banks list their properties with local realtors, and thus, any available Pike Wayne foreclosure homes should be on the Pike Wayne MLS if they are still active and available.
When making an offer on a foreclosure, be prepared to submit to being pre-approved by the bank that owns the property (even if you choose to use another lender) and you will need to put money down with your offer, and agree to various terms and conditions, which vary from bank to bank.
Another note: Foreclosures and distressed properties are NOT for the faint of heart. While there are some gems among the listings, many of these homes have water damage, frozen/broken pipes, many years of deferred (read: neglected) maintenance, missing appliances, mildew and/or mold issues…sometimes it will be impossible to test the septic system or plumbing due to multiple leaks.
Additionally, for more rental options: Realtor Cindy Cepko is a rental specialist with Weichert Realtors Paupack Group. In addition to home sales, Cindy lists homes for rent in the Lake Wallenpaupack region of Wayne and Pike County.
As always, feel free to contact me with any questions about foreclosures, or any real estate in the Lake Wallenpaupack region! My cell is 570-647-5170 or call the office toll free and ask for Karen Rice, extension 35! 800-440-8070.