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The keys to success in today’s Real Estate profession are not only knowledge and innovation – but also making a wise decision about your professional education – day one. Choosing an education provider with a Proven Track Record Guarantees you have the foundation of knowledge to succeed.

Because our mission is enabling students to achieve their goal of gaining the most from each and every Pennsylvania Real Estate Continuing Education experience, Career WebSchool offers the highest quality online Pennsylvania Real Estate Continuing Education courses built on twenty years of documented success. Career WebSchool, the Nation’s premier distance education provider has developed the ONLY online Pennsylvania Real Estate Continuing Education courses delivered using their proven Mastery and Fluency education methodology. The primary feature that distinguishes this system from more traditional computer-based instruction is that the system is designed around proven instructional strategies, rather than around the capabilities of the computer. It presents the material to be learned, provides adequate explanation to insure that the student understands what is being presented, and requires that the student demonstrate his/her understanding through active participation in the learning process.

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Historically, purchasing foreclosure property was for the big time real estate investors or those who are “connected” within the lending market. Today, with the help of technology and a foreclosure market which is overrun with opportunity, foreclosures are appealing to first time homebuyers and real estate tycoons alike.

A comprehensive foreclosure listing is the first step to finding and purchasing real estate foreclosure property. For new investors in the foreclosure market, there are numerous self help books, webinars, seminars and websites offering information and step by step instructions of investing in real estate, including investing in the foreclosure market. In fact, and unfortunately, investing in the foreclosure market has become an industry by itself. It’s the simple rule of supply and demand. The supply of properties in foreclosure have never been higher than they are today.

As stated previously, the first step is a comprehensive foreclosure listing. These listings can be easily found on the internet. The best listings will contain full property addresses, photographs, financial information, and lender contact information. However, that is only the start of the research needed to get a great deal. Additional research is needed, such as determining if any additional liens are present, if the former homeowners are still living at the residence, if major renovations are needed as well as inspections and an independent appraisal are all found on a good research punchlist.

A Pennsylvania foreclosure listing is a great start to discovering some great Pennsylvania properties in foreclosure. But, don’t let your research stop there!! Those “in the know” will tell you, ask questions, get answers and perform due diligence to make sure you are putting your hard earned money in a safe and sound investment.

The bank must send a notice of intent to foreclose to the home owner. This letter must be sent first class mail to the last known address of the homeowner. If this address is different then the home which the bank is preparing to sell to get its money, then the letter must be sent to that address in addition to the last known address. General practice is that this notice of intent to foreclose is not sent until the homeowner is 60 days behind on their house payment.

This notice of intent to foreclose must inform the homeowner that it is the intention of the bank to accelerate the mortgage payment, if the loan is not brought current in the next thirty days,. This means that if all past and current payments are not made up, plus late fees and interest. The total amount will become immediately due and the bank will be moving ahead with the sheriff’s sale on the home.

In Pennsylvania, a home owner has the right to come up with the whole amount owed on the home plus attorney’s fees etc… all the way up until one hour before the sale of the home is conducted. Doing this will, of course keep the home in their name, and save a foreclosure from appearing on their credit history.

Finding a way to come up with all that money is another matter all together. If the sheriff’s sale does not generate enough money to satisfy the bank on the amount of the loan, Pennsylvania provides the lender, the right to continue to pursue the former home owner for additional money. The bank only has six months following the sale to exercise this option. This however, does not occur very often, because of the obvious reason, that most people, who have lost their home to foreclosure, do not have any other resources the bank would want to pursue.

Pennsylvania’s economy is a major attraction to any businessman who wants to invest in Pennsylvania real estate. This is because the state is the 6th richest in the United States with a total gross product of $430.31 billion in 2005. This gross product would have made the 17th largest in the whole world, had Pennsylvania been a country that is independent on its own right. The state would have been richer than Belgium. On the per capita ranking, the state only ranks 26th among all the states in the U.S. The reason for Pennsylvania’s surging economy must be that it houses 49 of the Fortune 500 companies.

A burgeoning economy also translates to a booming Pennsylvania real estate market. There were a large number of farms in the state’s southeastern area that were sold and were developed for housing due to the increase in land prices as well as taxes. This hike is mirrored by quite a substantial demand for Pennsylvania real estate in the fifth largest US metropolitan area. While it were Montgomery and Bucks counties that first started suburbanization, Berks, Chester, Lehigh and Lancaster followed suit in jumping into the bandwagon. This suburbanization trend in the state made the Pennsylvania real estate market what it is today, a viable market that ensures greater capital gains.

Pennsylvania is one of the U.S.’s five mid-Atlantic States that was known as the Quaker State during the colonial times and later as the Keystone State. This nickname was derived by the state because of its industries and agriculture that it has in common with both the north and south respectively. The state has a coastline that covers up to 51 miles as well as a shoreline of 57 miles. Its largest city is Philadelphia, which houses a major seaport and quite a number of shipyards on its river, named the Delaware. Pennsylvania is the US’ 33rd largest state. The state’s municipalities are integrated as boroughs, cities and townships.