Philadelphia Sheriff Sale

[Mary W.]

Is anyone familiar with assigning the winning bid from the philadelphia sheriff sale? I'm most interested in knowing how that would work out for a wholesale deal? I don't see any upcoming seminars posted on the sheriff's site, so I figured I ask here.

Thanks in advance!

[Jared Forman]

Hi Mary,

You can assign your bid for a sheriff sale property, but you will need to put down a 10% deposit when you win or $500 minimum.  These properties also can't get title insurance for 1 year during the right of redemption... 

Yes people do it, but educate before messing with the beast.