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Poconos Foreclosures

2.24.2016 - The real estate foreclosure market in the Poconos Mountains is unlike that of almost any other market in the U.S. This article will be of interest to: Buyers thinking of purchasing a foreclosure, Banks and other sellers who have foreclosures to sell, agents contemplating selling a foreclosure to a client and those doing research on foreclosures in the Poconos in general.

A little lower on the page you will find the MLS report on the available foreclosures in the Poconos, this list will include foreclosures in East Stroudsburg, Monroe County, Tobyhanna, Mt Pocono, Stroudsburg, Cresco, Canadensis and all the areas surrounding these cities and villages. The list is updated nightly so please check back often for changes. You may contact Rick Golden of USA Realty for information on any of these foreclosures for sale. Rick is a foreclosure sales specialist and works for buyers and not the selling banks. He is experienced in obtaining the best price for his clients.

Here is what makes foreclosures in the Poconos different than other areas. First, this is a very large second home market. This fact means two things, there are lots of foreclosures because second home mortgages are the first ones not to be paid when a homeowner get in trouble and these homes are often in poorly maintained condition when repossesed by the lender. Second, the Poconos Mountains are a very large geographical area of 2400 square miles. Lots of ground to cover for the sellers when attempting to foreclose and buyers when buying.

In addition, since abandon homes are fair game for raiders looking for copper pipes and wires, many times these items are missing and must be replaced prior to a purchaser obtaining financing when buying.

As this is being written (and the numbers change constantly) there are 2967 total homes for sale in the Poconos MLS of those 482 are foreclosure or short sale (pre foreclosure) listings. About 16 % of the available inventory (about 1 available home in 6 is a foreclosure or short sale)

 

Here is the current list of foreclosures available in the Poconos:



 

More later Check back in a day or two for the rest of this information on Poconos Foreclosures.


 

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