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Updated about 5 years ago on . Most recent reply

Mary W.'s profile image
Mary W.'s profile image
Mary W.
  • Real Estate Agent
  • from Philadelphia, PA
  • Member since Dec 23, 2014
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Mary W.'s profile image
Mary W.'s profile image
Mary W.
  • Real Estate Agent
  • from Philadelphia, PA
  • Member since Dec 23, 2014
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Mary W.
  • Real Estate Agent
  • Philadelphia, PA
5
Votes |
11
Posts
Philadelphia Real Estate Forum

Philadelphia Sheriff Sale

Mary W.
  • Real Estate Agent
  • Philadelphia, PA
Posted

Is anyone familiar with assigning the winning bid from the philadelphia sheriff sale? I'm most interested in knowing how that would work out for a wholesale deal? I don't see any upcoming seminars posted on the sheriff's site, so I figured I ask here.

Thanks in advance!

Philadelphia, Pennsylvania
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Jared Forman's profile image
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Jared Forman
  • Rental Property Investor
  • from Philadelphia, PA
  • Member since May 12, 2017
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Jared Forman's profile image
Jared Forman's profile image
Jared Forman
  • Rental Property Investor
  • from Philadelphia, PA
  • Member since May 12, 2017
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Jared Forman
  • Rental Property Investor
  • Philadelphia, PA
107
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139
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Jared Forman
  • Rental Property Investor
  • Philadelphia, PA
Replied

Hi Mary,

You can assign your bid for a sheriff sale property, but you will need to put down a 10% deposit when you win or $500 minimum.  These properties also can't get title insurance for 1 year during the right of redemption... 

Yes people do it, but educate before messing with the beast.

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