The amount of bank owned properties currently available in the Lehigh Valley has risen to new levels. Part of this is due to creative financing done by both banks and borrowsers in recent years. In addition many homes were over valued and therefore over priced, which lead to many buyers over paying. Add this to  certain mortgage programs which allowed borrows to get in the door at a lower payment, only to have that payment reset to higher levels and higher interest rates and that equals disaster.

So many people today are faced with the value of their home going down, yet the mortgae payment is going up, putting them into a position that is very difficult to overcome. The market is correcting itself now, and will continue to do so for the next 1-2 years.

That said, now more than ever is the time to buy real estate in the Lehigh Valley! Both prices and interest rates are lower than they have been in years and there are a wide selection of bank owned foreclosure listings available in the Lehigh Valley.

A few things you need to understand about buying a foreclosure: They are not in the best condition, usally they are fixer uppers, requiring extensive cosmetic updates, and in some cases minor repairs. Bank owned properties are typically sold as-is, and that is why they are priced below market.

The first step in buying a home is to get pre-approvedby a local lender her in the Lehigh Valley. The next step is to request a list of foreclosures from Lehigh Valley Real Estate Agent.

You can also use our contact form to request a free list of all Lehigh Valley Foreclosure listings.

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Bank Owned Foreclosure Listings 7/1/08

301559 Available $144,900 S Wood St Allentown City PA 18103

Bank owned property * ADDENDUMS ARE NOT AVAILABLE YET.  No verbal offers *  City of Allentown inspection on line *AS IS* 3 Bedrooms * 1 1/2 bath * Tile & hardwood floors * Big back yard * 1 car garage * Fireplace LL * Foreclosure * Being sold AS IS* Ranch   Built In  Gas,Radiant None         Detached

Request More Info or Schedule Showing Here

302487 Available $164,900  State St Portland Borough PA 18351

Bank Forclosure Sold As/Is  No Disclosure,Strong pre-Qual and 5% With all Offers 4 Bedroom 2.5 Bath Colonial with LARGE 2 Car Garage all on 1.5 Acres/Previous owner started renovation/Needs Finishing-Public Sewer will be Available Soon Colonial   Detached  Baseboard,Oil None     Covered Porch    Detached

Request More Info or Schedule Showing Here

307221 Available $139,900  Fox Run Wilson Borough PA 18042

Take flashlight no light in basement 2 story end unit townhome in Foxcroft Subdivision * Half bath on first floor * Basement is walkout * Ceramic tile floor in kitchen & dining room * Deck * off street parking * SOLD AS IS * Bank foreclosure Colonial     Baseboard,Electric Ceiling Fan,None     Deck    End of Row

Request More Info or Schedule Showing Here

307932 Available $229,500  Bushkill St Easton PA 18042

Beautiful Victorian House Completely Remodeled! Nice original wood work, home affords 4 nice size bedrooms, design Eat-in kitchen with custom built cabinetry and ceramic floors. 10 feet high ceilings. Hardwood floors on living room and dining room. Great room with marble fireplace. First floor laundry and powder room. Fully finished basement with recreation room, dance room, full bath and outside entrance that goes to a gorgeous in-ground heated salt water pool. Professional landscaping. Also all windows have been replaced,  furnace replace 1 year ago, hot water heater, sewer and water lines also replace 1 year ago. Central AC and off street parking for 3 cars. Make an appointment today to see this unique house! Victorian     Gas,Radiator Central AC   Easton Attic Storage,Foyer Center,Center Island,Laundry First,Recreation Room,Wet Bar,Whirlpool,Walk in Closet Covered Porch,Deck,Fenced Yard,Hot Tub,Insulated Glass,Patio,Pool In Ground,Porch,Screens,Sidewalk  North 10th  Detached Request More Info or Schedule Showing Here

309793 Available $299,900  Clay Dr Lower Macungie Twp PA 18062

Like new. Owner cleaned up the home before they left.  Nice back yard too. All offers considered. Bank owned.  Call if you want to do an offer. Like new home, Owner cared for this home and left it in good condition.  Formal Dining Room opens up into the Kitchen.  Front room could be a den or Formal Liv Rm.  The room next to the Kitchen could be your Liv Rm or Fam Rm. You decide.  Nice deck, Bright basement awaits your decorating ideas.  Being sold As IS, Where IS with no repairs or warranties. Colonial   Attached  Gas,Heat Pump Central AC    Family Room 1st Lev.,Foyer Center,Center Island,Laundry First Covered Porch,Curbs,Deck,Sidewalk    Detached 

Request More Info or Schedule Showing Here

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Here are the Featured MLS Listings for the Lehigh Valley. They are sorted by price, highest to lowest. Use the naviagation to change the sorting order or start a new search.

To view more Lehigh Valley MLS Listings, Schedule Showings, or get more info please visit GoValleyHomeFinder.com

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If you are looking to search for homes for sale in the greater Lehigh Valley Area, including Allentown, Bethlehem, and Easton you can now do so with ease.

Introducing www.GoValleyHomeFinder.com ! This is a brand new free online search engine that gives you direct access to the Lehigh Valley Mult List system – the same one the Realtors use.

There are no registration forms to gain access, you can just enter your search criteria and instantly see live, update listing of all the homes for sale in the entire Lehigh Valley – Free.

The site is very user friendly and has many unique features that allow to quickly and easily save searches, inquire about listings, schedule showings, email the listing info and many more great features that make searching the Lehigh Valley MLS very easy.

One of the new features is the unique map search which allows you to select specific areas and view all homes in that particular town or city. The system allows you to search search by school district, zip code, town or city, or area of your choice.

Of course you can also select price range, property type, and features including bedrooms, bathrooms, square feet, and amenities. It’s just a very nice, real easy way to search live, updated results at your own pace, and in the privacy of your own home, then when you do find homes that interest you, you can quickly and easily request more information.

Click here to Search Lehigh Valley MLS Listings on the new GoValleyHomeFinder.com!

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Here is a list of current Bethlehem Real Estate Listings – Updated daily form the Lehigh avlley MLS. Please Use the search naviagtion buttons below to search by price, style, etc. Bethelhem Real Estate Listings are posted here courtesy of GoValleyHomeFinder.com