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Updated almost 9 years ago on . Most recent reply

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Ryder Lee
  • Real Estate Investor
  • Philadelphia, PA
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5
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Sheriff's sale is not recorded

Ryder Lee
  • Real Estate Investor
  • Philadelphia, PA
Posted

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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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

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.

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