Sheriff Sale- Are we on the hook???

[Quianay Laing]

We are trying to purchase a home from the sheriff sale. We spent some time doing initial research and also some time in the prothonotary’s office. The woman at the sheriffs real estate office said we are also on the hook for the mortgage. I keep hearing we are and we aren’t on the hook for all liens including mortgage. It’s so confusing.

I’ve read some forum posts but asking once and for all—

when you buy at sheriffs sale, are you paying BOTH your initial bid price AND buying a mortgage??? If so please tell me how REI make money doing this it's utterly confounding to me.

Many thanks,

Quianay