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Residential Real Estate Archives

Archdiocese to sell properties in Philly, elsewhere

We previously wrote about the speculation that the Roman Catholic Archdiocese of Philadelphia would be forced to sell some of its residential real estate for financial reasons. Now, the archdiocese has announced that it will, indeed, be forced to sell some holdings because of a multimillion-dollar shortfall.

Buyer, seller at standstill over historic home sale

A seller and a prospective buyer who both want a Pennsylvania house preserved as a historic site are stuck in a stalemate over a potential real estate sale, with the seller eager to close the deal and the buyer insisting on assurances of zoning variances from the borough before finalizing a contract.

Residential sales up in Philadelphia area

Residential real estate transactions continued to edge up at the end of 2011 in Philadelphia, giving sellers and real-estate agents hope that perhaps recovery is on the horizon for the housing market. But it is important to note that full recovery is still a ways down the road.

'Blight court' option for neglectful Philadelphia property owners

The mayor of Philadelphia says the city's empty and under-maintained properties are destroying neighborhood property values. The official has announced a new plan to send noncompliant owners of neglected commercial and residential real estate to "blight court."

Millions in city sheriff's accounts intended for property owners

Nearly $56 million dollars surfaced in the lengthy investigation of 13 bank accounts overseen by the Philadelphia Sheriff's Office. Much of the money was accumulated over the last dozen years and was labeled as unclaimed proceeds from sheriff-imposed real estate sales.

Study: Philadelphia's foreclosure-diversion program is a success

One Philadelphia man, who saved his home by working through the city's mandatory foreclosure-diversion program, said his mortgage lender was finally "forced" to sit down with him to work out a deal. A new study suggests the three-year-old diversion plan is having a positive effect residential property disputes.

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