A property located at 8002 Cobden Road in the Glenside section of Springfield Township is up for a second chance foreclosure auction beginning at 9:00am on Saturday, September 20.

A second chance foreclosure is an online auction for HUD-owned properties that did not sell at their initial foreclosure auction and are now being offered for cash-only bids, often below their appraised value, to expedite their sale and reduce lender holding costs. 

According to the listing, the 2,928 sf property includes three bathrooms and three bedrooms. The starting bid is set at $290,000.

From the property’s description:

This Ranch style single family home offers 3 bedrooms and 3 bathrooms with approximately 2928 square feet of living space on a 0.46 acre lot. The foreclosure deed has been recorded, allowing for shorter closing timelines. No Buyer Premium on this property. The seller has closing representation in this transaction. The buyer has the right to select their own title/closing company, or may use the sellers title/closing company. The buyer is responsible for all closing costs in this transaction. In the event the buyer chooses their own title/closing company, the buyer will be responsible for additional costs for coordinating the closing that are completed by the seller s title company. 

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