Philadelphia sheriff tax sale properties
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- 03/11/20 06:00PM - 08:30PM America/New_York
- Moonshine Philly 1825 E Moyamensing Ave Philadelphia, Pennsylvania 19148
- Free
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HAPCO – Landlord Association of Philadelphia
March 11th, 2020
2nd Wednesday of the Month
Location: Moonshine Philly 1825 E Moyamensing Ave, Philadelphia, PA 19148 (Pennsport Mall Parking Lot for Parking)
Presented By: Michael L. Daiello | Real Estate Attorney | Daiello Law
Discussion: Philadelphia sheriff tax sale properties and the right of redemption
Overview: Even if you win a bid on a Tax Sale property, within nine months of the acknowledgement of the deed, the owner of record can go to court and get permission to recover the property by paying all back taxes and the money paid by the winning bidder. This is called the Right of Redemption. Therefore, if purchase a property through Delinquent Tax Sheriff Sale and invest funds to improve the property in the first year, beware that those funds can be lost. The right of Redemption is only applicable if the property scheduled for Tax Sale is determined to be owner occupied 90 days prior to the sale. If the property is unoccupied or abandoned, there is no Right of Redemption.
The Right of Redemption does not apply to any property sold at the Mortgage Foreclosure Sheriff Sale. One way to protect yourself is to contact the City's Department of Licenses and Inspections to determine what outstanding code violations, if any, exist in the property.
Any work done to correct these violations must be reimbursed to you if the original owner reclaims the property during the Right of Redemption period. Therefore, make sure you get and keep detailed and accurate receipts for code related renovations.
6:00 –Networking
6:30PM-7:00PM – Registration/Introductions
7:00PM-8:00PM – Presentation
8:00pm-8:30PM – Networking & Complete
Real Education for Philadelphia Landlords
Entrance Fee: $5.00
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