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!

[Jennifer Pauyo]

@Mary W. Try YouTube for answers as well.

[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.

[Mary W.]

@Jennifer Pauyo @Jared Forman Thank you for your responses! I'm not sure how I missed them. 

I recall hearing that if the property was vacant 90 days prior to the sale the right of redemption does not apply. Are you still unable to get title insurance in this case?

[William C.]

Hi Mary, I've been researching this myself and found the Sheriff's basics video training helpful, good luck!
https://www.officeofphiladelphiasheriff.com/en/real-estate/how-sheriffs-sales-work/sheriffs-sale-training-video-english