Sheriff Sale Notice

[Jkgourmet]

Originally Posted by Truth11

It hasn't been rent free,the fees still added up. In the meantime I've been scrambling attempting to find better paying work...

to whom did you pay rent since your wife's mother died?

What "fees"? Like the utility bills? Property taxes?

[ocnjgirl]

Originally Posted by MikeJaquish

You are in Philadelphia, according to your profile "Phila4now"?
It takes liquid funds to buy a foreclosure. $$$$ and non-refundable. It is not an endeavor to take lightly.



Tax sale?

https://www.officeofphiladelphiasher...-for-tax-sales

Or, mortgage foreclosure?
https://www.officeofphiladelphiasher...-sale-mortgage

4. All properties are sold "AS IS" with NO expressed or implied warranties or guarantees whatsoever.... It is the responsibility of the bidder to investigate any and all liens, encumbrances and/or mortgages held against the property which may not be satisfied by the post-sale Schedule of Proposed Distribution under Pa. R.C.P. 3136 ("Schedule of Proposed Distribution").


Regardless....
If you cannot afford an attorney, you probably should immediately contact a Legal Aid service. You need to know where you stand, and maybe get help delaying sale.
https://clsphila.org/
https://philalegal.org/

I want to correct your statement about foreclosures needing liquid assets. We bought our home as a foreclosure, was vacant over a year. We have a 30 year mortgage for it, only put a few thousand down.

It's the auctions and sheriff's sales that require cash, but you can get a mortgage for a foreclosed house if it's bought via normal channels. The mortgage company did make us borrow $25,000 extra for rehab work, which was added to the mortgage and which we had to keep them in the loop about and it had to be approved by them (the house wasn't livable without the work, no working bathroom or even walls in the bathroom. etc) but other than that it's a normal mortgage and the process was normal.

[ocnjgirl]

Originally Posted by Truth11

That will be the next step after filing the petition to postpone the sheriff sale. Even if somehow the judge doesn't grant the extension,I think that if the property does sell at auction there is an amount of time that may be allotted to vacate.

The house next to us was foreclosed on and sold at auction to a bank, but they let the former owner rent it and stay there (until he wore out his welcome, he was a methhead and wrecked the place). I don't think it's uncommon if a bank buys it to let the occupants stay and rent. They would much rather have someone in the house because vacant homes fall apart fast, and the longer it stays vacant the less chance of sale.

That house has been empty and still unsold by the bank for almost 2 years now. So just because it goes to auction, does not necessarily mean a person is going to buy it (vs a bank). I watched that house on the auction site and there was never any interest in it (it's even on a lake) by regular buyers.

I don't know how the neighbor arranged with the bank to stay there and rent after it was sold.