Philadelphia Tax Foreclosure Auction Time for receiving deed

[Agatha Oliveira]

Hello,

I was wondering if anyone has participated in the Philadelphia tax foreclosure auction recently and how long it has taken you to receive the deed? It has now been 3 months that the auction has been won and the deed has still not been issued. I have been waiting for that before entering the property, but concerned about doing that without the appropriate documents being issued. 

[Stuart Udis]

@Agatha Oliveira Over the last 10 years case law has been established that greatly expands the ability to redeem tax sale properties. More frequently these tax sales are overturned on the grounds of failed or improper notice procedures. Even when the deed is recorded you will be unable to obtain title insurance for at least a year from the date the deed is recorded. It is ill advised to make any improvements until the property is insured and goes without saying the property is not financeable. The risks and delays are why many no longer pursue tax sale properties.