multifamily real estate investing
Foreclosure Plan B: Selling on Your Terms.

If you’re on the verge of foreclosure in Philadelphia, you’re not alone. According to the United States Census Bureau, 14%+ of Philadelphia borrowers are behind on their mortgages. If you’ve exhausted loss mitigation options with your servicer, there is a plan B: selling on your terms.

Rather than wait until your foreclosure is a few weeks from a sell date, where you’d likely leave money on the table, you can take these 3 steps:

1. Assess Value. A professional CMA will help you understand the true value of your property, which may be higher than you expect given the all-time low housing inventory in Philadelphia.

2. Find Balance. Determine whether you have enough to pay off your mortgage, cover selling fees, and have cash left to use toward your next home.

3. Hire an Expert. Consider hiring a real estate sales expert—one who holds the SFR Certification—who can guide you step-by-step.

Ultimately, the choice to list and sell is yours, and I’m here to help. Whether you’re a first-time buyer, motivated seller, seasoned investor, ambitious agent, or anywhere in between, I look forward to working together!

– Leron Grossman, Real Estate Broker & Investment Expert​ | Office: 215-709-0909​

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