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Chris War
  • Greentown, PA
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Chain of sales in Pennsylvania

Chris War
  • Greentown, PA
Posted

I have a possibly odd question.. Is it possible for a property to go up for sale, listing removed, upset sale, judicial and then repository? I've located this property and it has a decent amount of value and all of the above happened in a very short amount of time. We're considering a bid on it but it seems too good to be true.  I've seen properties much worse than this one go at upset sale. I'm wondering if we stumbled on something good or someone's clerical error.

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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
8,358
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

Well, that sounds like a Tax a Claim Bureau (TCB) sale. A number of problems can arise with TCB sales, particularly deficient notice to the property owner. @David Krulac has posted about this a number of times ...

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