The Counties in Pennsylvania with the Most Foreclosures in 2017

The Counties in Pennsylvania with the Most Foreclosures in 2017

When a homeowner in Pennsylvania falls behind on his or her mortgage, the lender may seek to remedy the situation by initiating foreclosure proceedings. Unless the homeowner takes immediate and strategic action, such as filing Chapter 13 bankruptcy, he or she is at serious risk of losing the property forever. In this article, the Philadelphia mortgage foreclosure defense attorneys of Sadek and Cooper examine Pennsylvania foreclosure statistics by county to reveal where homeowners are most at risk. If you are worried about the possibility of your home being foreclosed on, we urge you to contact our law offices immediately for a free consultation. We may be able to help you retain your property and avoid having to move.

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2017 PA Home Foreclosure Statistics by County

Home foreclosures are quite common in the United States. According to the Federal Deposit Insurance Corporation (FDIC), “1 out of every 200 homes will be foreclosed upon” in an average year. Just how many people does that affect? According to the same FDIC statistics, “Every three months, 250,000 new families enter into foreclosure.” That figure translates to approximately 2,777 families every day, and about 1 million families every year.

Some parts of the country have a higher concentration of foreclosures than others. For example, a recent report by USA Today and ATTOM Data Solutions, which analyzed nearly 81,500 properties during May 2017, found that New Jersey had the country’s highest rate of foreclosure at one out of every 515 housing units, followed by Delaware, Maryland, Illinois, and Oklahoma. (Note that the USA Today survey assessed all “housing units,” while the FDIC assessed only “homes,” accounting for the gap between data sets.)

While Pennsylvania didn’t make an appearance on USA Today’s top 10, it would still be inaccurate to call foreclosures “rare” in the Keystone State. On the contrary, some counties in Pennsylvania report foreclosure rates as high as one in every 849 housing units – not far from the rate observed in New Jersey.

The question is, which counties were they?

According to data compiled by RealtyTrac – whose parent company, ATTOM Data Solutions, also supplied the foreclosure data for the USA Today report – the top five Pennsylvania counties with the highest foreclosure rates in 2017 were:

  1. Delaware County, PA
    • Foreclosure Rate – 1 in 849 housing units
    • Largest Cities – Chester, Drexel Hill, Ardmore, Yeadon, Broomall
  2. Philadelphia County, PA
    • Foreclosure Rate – 1 in 988 housing units
  3. Berks County, PA
    • Foreclosure Rate – 1 in 1,083 housing units
    • Largest Cities – Reading, Wyomissing, Blandon, Shillington, Birdsboro
  4. Lebanon County, PA
    • Foreclosure Rate – 1 in 1,135 housing units
    • Largest Cities – Lebanon, Palmyra, Annville, Cornwall, Campbelltown
  5. Luzerne County, PA
    • Foreclosure Rate – 1 in 1,159 housing units
    • Largest Cities – Wilkes-Barre, Hazleton, Kingston, Hanover Township, Nanticoke

In general, the data shows higher foreclosure rates in the eastern part of the state, with the lowest rates of foreclosure in Central Pennsylvania, and moderate rates in the western counties. The following foreclosure rates were reported for other counties in the Delaware Valley region:

  • Lancaster County, PA
    • Foreclosure Rate – 1 in 1,498 housing units
    • Largest Cities – Lancaster, Ephrata, Elizabethtown, Columbia, Lititz
  • Lehigh County, PA
    • Foreclosure Rate – 1 in 1,719 housing units
    • Largest Cities – Allentown, Bethlehem, Emmaus, Ancient Oaks, Catasauqua
  • Bucks County, PA
    • Foreclosure Rate – 1 in 1,768 housing units
    • Largest Cities – Levittown, Croydon, Bristol, Quakertown, Morrisville
  • Montgomery County, PA
    • Foreclosure Rate – 1 in 2,088 housing units
    • Largest Cities – Norristown, Pottstown, King of Prussia, Lansdale, Willow Grove
  • Chester County, PA
    • Foreclosure Rate – 1 in 4,597 housing units
    • Largest Cities – West Chester, Phoenixville, Coatesville, Downingtown, Lionville

If you live in the Delaware Valley area and are concerned about losing your home to foreclosure, Sadek and Cooper can advise you of your options. Whether you need assistance from Chapter 13 attorneys in Delaware County, Chapter 13 attorneys in Bucks County, or Chapter 13 attorneys in Montgomery County, our experienced legal team is available to help.

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Philadelphia Mortgage Defense Lawyers Can Help Stop Foreclosure with Chapter 13 Bankruptcy

Chapter 13 bankruptcy, which is sometimes called “reorganization” bankruptcy or a “wage earner’s plan,” allows eligible filers to prevent home foreclosure. If you file Chapter 13 in Pennsylvania, you will be given time to catch up on missed mortgage payments. As long as you comply with your reorganization plan and continue making complete and timely payments, you can keep your property and remain in your home with your family.

In addition to preventing foreclosure on your home, Chapter 13 can also prevent vehicle repossession, while reducing or erasing many of your debts. However, Chapter 13 is a complex legal procedure that should not be initiated without assistance from an experienced Philadelphia Chapter 13 bankruptcy attorney. To speak with a bankruptcy lawyer in Philadelphia about stopping foreclosure and wiping out your debts, call Sadek and Cooper Law Offices, LLC at (215)-545-0008 for a free bankruptcy consultation today.

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SEEWHAT OUR CLIENTS ARE SAYING

Matthew Justice
Matthew Justice
07:11 16 Jul 18
Brad Sadek has no equal when it comes to Foreclosure defense and bankruptcy. He is knowledgeable about the whole thing. It actually gave me confidence during the case.
Landlord Guy
Landlord Guy
16:25 06 Jul 18
Well... About a year ago I was faced with an unpleasant (but necessary) decision. I contacted Sadek and Cooper to make an appointment and ended up speaking with Brad. I brought all of the required/requested information and we did some calculations together (I like numbers) to see what my options were. The process was relaxed and transparent, and his advice was neutral and objective (in my opinion). I ended up filing for CH13, which allowed me to keep my property. I worked with Matt for the remainder of the process. He was communicative, helpful, and very patient with someone like me who asks A LOT of questions. If you're going to go for CH7 or CH13 I'd suggest at least talking to Sadek & Cooper to get an idea of what your options are. And if you decide to go through it with them I can't imagine you'll be disappointed (as lond as YOU do what's required on time, etc. of course). We're talking about court here, so it's best to be early and over-prepared for everything. I hope I never have to use their services again (for obvious reasons lol), but I'm certainly very happy that I DID when I needed to. They helped me tremendously and it has been SMOOTH SAILING since my CH13 plan was approved. I wish them all the best and look forward to the end of my CH13 and it being cleared from my record eventually. If you're considering CH7 or 13 DO your RESEARCH. Don't be "afraid", educate yourself, be an INFORMED consumer. And go talk to Sadek & Cooper for some SOUND advice and a good analysis of your options! SOONER rather than LATER. Don't wait until the last minute.
Joseph Olson
Joseph Olson
17:12 22 Jun 18
We are extremely pleased with this firm. They have provided amazing detail, information and support during this difficult time in our life. We are truly grateful for all of their hard work and would highly recommend them to anyone!
Jamie Daniels
Jamie Daniels
13:20 20 Jun 18
I am more than happy with the service and expertise I received when I filed my recent chapter 13 case. They made everything very easy and comfortable under very stressful circumstances. I would highly recommend Sadek and Cooper.
Nagena Pierre-Louis
Nagena Pierre-Louis
13:19 13 Jun 18
I was less than a week away of losing my home. Sadek And Cooper helped me to save my only home. If they helped me they will be able to help you. Their help is just a phone call away. Please just call them!
Alicia Green
Alicia Green
14:16 22 May 18
My experience with Sadek and Cooper was awesome. They were extremely helpful with answering all my questions and made me feel comfortable and less anxious about filing for bankruptcy. The process was smooth and quick and had no issues at all!Alicia
Selena Pinkney
Selena Pinkney
13:52 22 May 18
I used Sadek Law Firm and had the best experience. All of the staff were very helpful and knowledgeable. They made a very scary process easy and painless. I would and have recommended their services.
Ethan Hew
Ethan Hew
13:44 16 May 18
Sadek & Cooper has to be the best firm for our bankruptcy needs. They walked my wife and I through the entire process and were always there to answer our questions. Hands down the best firm I’ve ever worked with.
Chris Jamison
Chris Jamison
19:52 04 May 18
Matt Lazarus from the start was very helpful with making me filing for bankruptcy as easy as possible. It is one of the hardest things to go thru in life. But you have to look at it as a new start. Thank you again to everyone at Sadek & Cooper for all your help.
Thomas Wright
Thomas Wright
15:09 24 Apr 18
Sadek and Cooper Law did a great job on my bankruptcy case. I really appreciate their assistant. Thank you
Kelly McKenna
Kelly McKenna
11:57 19 Apr 18
This form - specifically Yoninah Orenstein and Patrick Cooper are PHENOMENAL. They were great to work with, very fair with legal fees, and successful in getting an excellent settlement for my divorce (short term marriage
Dessiana Cruz
Dessiana Cruz
13:11 04 Apr 18
I was nervous about bankruptcy, but from the moment I stepped in your office I felt at ease. This process was so easy with your help, that yesterday I was talking to my coworkers about it and recommending your firm to them. You make something that’s scary seem easy and I thank you so much for helping me!
Valerie Nesbitt
Valerie Nesbitt
14:51 03 Apr 18
Sadek and Cooper have been excellent. Everyone has been extremely helpful and patient. The lawyers I have worked with, Matt and Brad, are extremely knowledgeable. I felt very comfortable with them handling my case.
Marlena Lucas
Marlena Lucas
16:08 02 Apr 18
Very simple. Any time I had questions, they were answered quickly. The lawyers are just great. Just a fast painless process.
James Smith Sr
James Smith Sr
13:19 14 Mar 18
Everything has been great. Really awesome job with my case... You and your staff have done a perfect job in my opinion.
Michkel Davis
Michkel Davis
17:02 09 Mar 18
Mr. Sadek was the best and most thorough lawyer I’ve ever met. He’s very human and caring about our case. His whole staff is great too. Highly recommend...
Tamika Richardson
Tamika Richardson
14:56 01 Mar 18
My bankruptcy went very smoothly with your firm. No issues. You are all very nice. That’s why I recommend my sister to your firm and your now helping her too! Thanks again.
Geraldine Ross
Geraldine Ross
14:14 28 Feb 18
This is an Excellent firm to work with; my questions were answered in a timely manner and I felt very supportive in handling my bankruptcy. I would highly recommend this firm to others who have found themselves in a position like mine.
Lavern Baker
Lavern Baker
17:03 23 Feb 18
You are all super lawyers. Brad and Matt made me feel comfortable. Every one in your office so nice and just made it easy. You’re the best!
peter b
peter b
19:42 21 Feb 18
Thank you, Sadek and Cooper Law offices for your dedication on my behalf. I appreciate Matthew and Patrick and your staff and all that everyone did to support me in this legal matter. You took an embarrassing, sad experience, for me, and turned it into a successful solution without all the emotional pain expected. After dealing with a loan modification company for over eighteen months without going to an attorney first that is the biggest mistake anyone can make. The Modification Companies set out to sell you lies, broken promises and dilute the homeowner's assets with no knowledge of any kind of law. I can't stress enough stay away from Modification companies, as a Military Veteran and family man, protect you or your family best interest. Go directly to Sadek and Copper you will not regret it! This firm moves with Super speed and diligence protecting you and your family's the entire process, even after watching some of these other attorneys in the courtroom appearing to mishandled their clients’ cases before the Trustee. You made it easy and I’m finally getting my financial life back on track! Thank you for your prompt replies to me, your clear information and preparation needed when at the courthouse. I would of course recommend you to others and I am glad you were the one who had my case. Kind genuine law firm who treats you like family. God bless you all and I pray for your continued success in your field of expertise. This firm is Super Lawyers for a reason. They are the best at what they do! Pete
Doug Tinlin
Doug Tinlin
06:55 15 Feb 18
Brad Sadek gave me hope when he decided to handle my mortgage for enclosure defense. I had exactly 10 days left of the 30 days ultimatum given me, but he was able to bargain for an extra 30 days for me to pay up. That duration turned out just right.
Jacinth Jacinth
Jacinth Jacinth
16:07 31 Jan 18
Excellent service. Brad and Matt were outstanding and friendly. They helped me through this. I’ve never met attorneys like these. Thank you!
julie njoku
julie njoku
12:29 24 Jan 18
Brad Sadek is excellent!. He understands and he's fair. You feel like you have someone fighting for you. The staff is friendly, professional, and courteous. These guys are the best at what they do !
Owen Black
Owen Black
20:14 09 Jan 18
Thanks for the great service! I would recommend this firm highly. Throughout the years I have been helped by this firm greatly and very much appreciated.
Steven Rychalsky
Steven Rychalsky
15:30 09 Jan 18
Sadek and Cooper law office was a wonderful experience to work with. Bankruptcy is a difficult experience but they helped with the stress so much and made it easy. I would recommend Sadek and copper too anyone.
Chris Kourelias
Chris Kourelias
19:09 28 Dec 17
Working with both Brad & Matthew was a pleasure. Both gentlemen are extremely knowledgeable and helpful in providing me the right assistance needed to make the correct decision to benefit me in the long run. I would recommend both candidates to anyone looking for assistance with a reputable law firm.
Jennyfer Santana
Jennyfer Santana
21:17 21 Dec 17
Highly Recommended. Matt & Brad assisted with my case. I felt comfortable throughout the entire process. Matt was very understanding, patient, and ensured he answered all my questions! Both great guys and very friendly! It was a pleasure working with Matt and Brad.
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