Philadelphia Sherrif Sale

4 Replies

Hey investors,

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 ?

Thanks !

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.

John

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.

Good luck.