All Forum Posts by: Mau Pan

thank you guys for your reply...yes I'll wait until deed gets transferred to my name... also, when i turn water on, I'll make sure that i have a plumber and 1 or two other ppk with me. i hope that since this is middle unit ob brick row houses without basement, it should be all right...but better to have things ready...also to have electric on before water.

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?

@Ron S. , Thank You.

Hello Friends,

This is my first post in this forum. I do have 2 bedroom, 2 bathroom condominium available in Norristown, PA.  The house is in very decent shape. 

Based on the data that I have quick deal would get purchase this home for about $15000 below market value.

Comparable house recently sold:

https://www.realtor.com/realestateandhomes-detail/...

Please contact me if you are interested to get more details...

Hello Friends,

I need some help understand few things. I've recently purchased foreclosure property at court house in one of the PA county near Philly suburbs close to King of Prussia. 

I went to the property 2 times prior to auction day and it was vacant. It looked like the property was seized and taken (also in description when it got listed at sheriff sale) and had maintenance company's information posted at front door.

I did some research and i found out that owner purchased it in 2014 and had it on rent in 2014 ... Called HOA and they told me that no one lives there and they are also trying to contact owner from last 3-4 months since it had $8000 due from HOA.... So to me it seems like owner had it rented in 2014, he's no where to be found...property has been seized and taken from bank maintenance company.

I called the bank after purchasing the property and they said since i'm not the owner they can't give me a code to open the property and said 3rd party purchaser are responsible to taking possession on their own.

I called my lawyer and he said I should go ahead and get the locks changed. You don't need to wait for deed to get recorded. Initially I only paid 10%.. but next day I paid full amount, got receipt from sheriff and some paper with stamp on it that says record of sale/interest....

To me it seems like this is all clear even at this point deed has not been recorded, I told bank that I paid all the money to sheriff and they'll send the money to bank shortly...

Is this all clear now for me to take possession ?

Thank you @Noel Challenger. I'll keep in touch with you.

Hi all, I am looking to invest upto $500000 in Sheriff sale properties and/or some really good deals in UNION CITY, NJ or some good location in Hudson county. I would make this a win-win situation for everyone. I am not trying to waste anyones time, I am activly looking for my first deal In NJ. I'm real estate professional in PA. So if anyone has recommendations or is a realtor feel free to PM me.

Thanks

Hi, Has anything been sent out ? I have not received anything.

Please include me.

Thank you @Scott Wilson, @Ayo O., @Eric Thomson, @Wayne W., @Alex Saleeby, @Poem Turner

@Eric Thomson, Yes, Katy is in my list now.