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Updated almost 5 years ago on . Most recent reply
Philadelphia Sheriff Sale
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!
Most Popular Reply
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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.