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Updated over 10 years ago,

User Stats

14
Posts
1
Votes
Russell Volk
  • Southampton, PA
1
Votes |
14
Posts

Buying a house at Sheriff's Auction in Philadelphia

Russell Volk
  • Southampton, PA
Posted

Hey guys,

I'm new to all this, but can someone explain what is the step-by-step process of buying a house at a Philly sheriff's auction? I know there's a list of homes on their website. Let's say I'm interested in 20 of those properties. I drive by each house and I like them all. I do my comps and I know what their ARV should be, so I know how much I need to buy it for. Let's say I bid on a house and I win. What's next? What's the first step? What's the second step?

How do you get the title done?  I was told that not every title company will do this?

Can you please provide me with a step-by-step guide on how to buy and close on a house bought at a Philadelphia Sheriff's Auction?

Thanks in advance.

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