1617 PENNINGTON RD Philadelphia, PA 19151

This great home in Overbrook Park last sold in June of 2008 for $136.000. Look at today's HUD OWNED price of $115,000. Property, which is being sold 100% "AS IS", is just minutes from shopping, restaurants, public transportation and other conveniences. Will be available to OWNER OCCUPANTS for the first 15 days beginning, JULY 17, 2015 until to July 26th, 2015 at midnight. All bids are consider simultaneous, meaning bids for the first 10 days are reviewed day on 11. Also owner occupants for the next 5 days as daily, meaning bids opened and reviewed daily. Investors are invited to place an offer on day 16 which is August 1st,2015 if not sold to an owner occupant during the first 15 days. Bids opened the next business day. ALL BIDS WILL BE REVIEWED & CONSIDERED. This property is classified as IN-insured meaning FHA 203B financing is available to qualified buyers. FHA 203K re-hab financing is available to qualified buyers. Also special interest free loan up to $6,000 from state plus an additional possible 3% seller assist to all qualified buyers. Possible $5,000 FREE GRANT to qualified first time buyers. Naturally CASH and CONVENTIONAL financing are always welcomed. HUD does NOT participate in any grant program. HUD DOES NOT pay any transfer taxes or city certificate of occupancy. This is at the buyer's expense. See attached PCR- (property condition report) inspection report. "EQUAL HOUSING OPPORTUNITY". Choose your lender, if using one, very carefully as the property is being sold 100% "AS IS". Great opportunity for that FIRST TIME buyer to get a great home at a super price. Remember, high NET bid wins all others lose. OPEN FOR PUBLIC BIDDING JULY 17, 2015.