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Updated almost 9 years ago on . Most recent reply
Sheriff's sale is not recorded
Hello, I won an online auction on a REO property in Philadelphia last year. I signed a contract with the seller last October (2015) and was told the property will be closed on 11/2015. Then I was told t that the property could not be closed because the foreclosure deed had not been recorded. So far I have extended the contract for two times and the deed still has not been recorded. The Sheriff sale was conducted on 8/2015, so more than 5 month has past. Does anybody know how long they can figure out the problem to get it recorded and what can I do to push the seller?
Thanks
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If you look at the foreclosure file, you may can see why it hasn't been recorded. Sometimes we see the lender reopen the case because they forgot to name a junior lien holder, and figure it out when they do the title search to resell it as an REO.