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December 2008

There are 1 blog entries for December 2008.

An Intro to Sheriff Sales in Philadelphia

Due to all the talk in the news about mortgage foreclosures, many people have recently asked me about buying foreclosed properties at sheriff sales. As a result, I thought I'd write a post about how Philadelphia Sheriff Sales work. In Philadelphia, there are two types of sheriff sales - tax lien / tax delinquent sales (tax lien and tax delinquent mean the same thing) and mortgage foreclosure sales. Each type of sale occurs once a month. At these sales, a number of properties get auctioned off by the Philadelphia Sheriff and the highest bidder wins the property. If you are the winning bidder of a property, you must immediately pay ten percent of your winning bid in cash, certified check, attorney’s check or…
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