Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

17
Posts
3
Votes
Jordan DeGusipe
  • Investor
  • Pittsburgh, PA
3
Votes |
17
Posts

PA Sheriff's Sale

Jordan DeGusipe
  • Investor
  • Pittsburgh, PA
Posted

Hey guys! 

Newbie to sheriff's sales.  I have some questions.

Do any liens/mortgages remain on the houses through a sheriff's sale? We love this one house on the list to be auctioned, but it has a $200,000 mortgage on it from 2010! Are we responsible for that mortgage if we bid on the home, or does the amount we pay just go towards the mortgage and the rest is cleared?

Any advice is appreciated, thank you guys so much in advance!

Most Popular Reply

User Stats

105
Posts
25
Votes
Anthony Yannucci
  • Real Estate Agent
  • Port Saint Lucie, FL
25
Votes |
105
Posts
Anthony Yannucci
  • Real Estate Agent
  • Port Saint Lucie, FL
Replied
Originally posted by @Jordan DeGusipe:

Hey guys! 

Newbie to sheriff's sales.  I have some questions.

Do any liens/mortgages remain on the houses through a sheriff's sale? We love this one house on the list to be auctioned, but it has a $200,000 mortgage on it from 2010! Are we responsible for that mortgage if we bid on the home, or does the amount we pay just go towards the mortgage and the rest is cleared?

Any advice is appreciated, thank you guys so much in advance!

 From my training, mortgages are wiped away on a tax deed sale.  Most everything is wiped away with the exception of county liens.  What county in PA are you working in?  How often are those sales?  Are you only investing in tax deeds?  Any other states other than PA?

Loading replies...