Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on . Most recent reply

User Stats

362
Posts
221
Votes
Ray Slack
  • Investor
  • White Haven PA
221
Votes |
362
Posts

Pennsylvania Tax upset sale -Excess proceeds question

Ray Slack
  • Investor
  • White Haven PA
Posted

If I purchase a property in PA at upset tax sale and there is an existing mortgage does it get paid off from the excess proceeds? Or do the excess proceeds go to the prior owner?

for example.. Upset price is $10,000 and they have a $100,000 mortgage and say $10k other misc lein. 

and I buy the property at upset for $150,000 .. Would the $100,000 mortgage be paid off by the tax claim bureau with the $140k excess proceeds or would I be responsible for it even though the excess proceeds exceeded the mortgage and $10k misc. Lein? 

Thanks




@David Krulac  Maybe could know?  (Just ordered your book but it won't be here in time to help for the auction tomorrow) 

Loading replies...