how do you purchase a house at a sheriff's sale?

Asked by Kimberly Poroda, 15063 Thu Aug 21, 2008

Help the community by answering this question:

+ web reference
Web reference:

Answers

2
Chris & Step…, Agent, Philadelphia, PA
Fri Aug 22, 2008
As the previous poster said, go to your local website to get all the relevant info.

Also, make sure you understand the risks. Do you own other investment properties ? What is your experience with these types of properties ? If you are not paying cash, make sure you can actually get financing ! And the like...

For more helpful info, visit our site below.
0 votes
Terrence Cha…, Home Owner, Allentown, PA
Thu Aug 21, 2008
Go to your county sheriff's web site or physical office. Find out when the sales are and what properties are available. Find out if the place looks ok from the outside. Narrow down what your interested in. Find out if additional liens are on the property through public records. Go to the sale and bid.

Rules differ from county to county. Generally, you need 10% up front with cash, cashier's checks or personnal check. And you typically have 10 days to pay the balance or lose your deposit.
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more