I have bought a property at Philadelphia Sheriff Sale. I didn't know about the 12 months writ of redemption.
Can anybody help me with an exit strategy, please ?
Why not just wait the 12 months and see what happens? You may still end up with the property or at least a nice interest rate on the investment.
You could also try try and sell lien to another investor.
Thanks John, great idea ! I guess keeping it will be my best choice.
Hi @Sadio C. , if the house doesn't need too much work you may want to consider renting it out.
Also, it is a little too late for the information but the sheriff department offer a free monthly course on how to purchase real estate at the sheriff sale. There is a lot of useful information an investor can get out of this course, including the redemption periods.
Thank you so much Paulette