5321 CHARLES ST Philadelphia, PA 19124

This great home in Frankford last sold in May of 2001 for $43,600. Look at today's HUD OWNED price of $22,500. 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, September 12th, 2015 until to September 26th, 2015 at midnight. All bids are consider simultaneous, meaning bids for the first 10 days are reviewed day on 11. Investors are invited to place an offer on day 16 which is September 27th,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 IE--insured with escrow for FHA loans only meaning FHA 203B financing is available to qualified buyers. FHA 203K re-hab financing is also available to qualified buyers. Naturally CASH and CONVENTIONAL financing is 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 some utilities can NOT be activated for any inspections and/or appraisal. Escrow TBD by new appraisal for buyer by lender. The escrows do not apply for cash transactions and in most cases conventional loans. Great deal for a nice home in the Frankford area of Philadelphia that is affordable. Lot's of closet space, back deck. One of the best buys ever in the Frankford area. Don't let this one pass you on by.