Philadelphia Real Estate And Beyond August 24, 2011

Philadelphia Real Estate And Beyond August 24, 2011

Philadelphia Real Estate Blog – Lenfest Plaza

Homeowners Facing Foreclosure Increasing – The number of Americans at risk of foreclosure is rising, likely due to high unemployment. The Mortgage Bankers Association said recently that 8.44 percent of homeowners missed at least one mortgage payment in the April-June quarter. That figure, which is adjusted for seasonal factors, rose 0.12 percentage point from the January-March period. In a normal market, the percentage of delinquent borrowers is about 1.1 percent, according to the trade group. (

Paint Torch Sculpture Delivered and Installed At Lenfest Plaza – The Paint Torch sculpture, the iconic sculpture of Lenfest Plaza in Center City Philadelphia was delivered to Philadelphia and installed on Saturday August 20th, 2011. The sculpture was created by renowned sculptor Claes Oldenburg. The 51-foot Paint Torch sculpture was shipped to Philly on truck in multiple pieces. The piece makes Philadelphia home to four large-scale public sculptures by Oldenburg. (

Philadelphia Real Estate Community Experiences Earthquake – Multiple news outlets reported a 5.8+ earthquake whose epicenter was in Virginia, near Washington D.C., occurred at 1:51 p.m. on Tuesday, August 23rd, 2011 and subsequently could be felt in Philadelphia, Delaware, New Jersey and Pittsburgh.  The Associated Press reports people in New York and Rhode Island felt the tremor.  This was not the first earthquake to hit Philadelphia.

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Blog post compliments of CenterCityTeam’s Philadelphia Real Estate Blog

Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623  Direct
610.636.4364  Cellular
888.308.1148  Fax
[email protected]