foreclosure winterized property

[Mau Pan]

Hi. I purchased foreclosure properly at court house steps. paid full and its in the process of getting distribution and deed. the property is winterized by bank 1) How soon can i get turn the water on? 2) How about electricity? How soon can i turn that on? 3) If i want to sell and get good return, can i start process of selling the house (mls)...as contingent upon sheriffs deed? 4) is there anyhing that i have to do as some important points?

[Jeff Kehl]

@mau pan not sure how the laws work in pa but in Georgia you legally own the property the day of the foreclosure auction even though it can take several weeks or even months for the attorney to prepare and record the deed.

So I always immediately get insurance, put utilities in my name and if it's vacant, get physical control and change the locks.

Regarding the possibility of leaks, I always ask the water company to put service in my name, unlock the meter but leave it turned off at the meter.

You can the turn it on yourself with a curb-key or a decent pair of pliers. If the meter starts spinning when you turn it on you have water running from an open valve or a leak.