SHERIFF’S SALE of REAL ESTATE
BY VIRTUE OF WRITS OF EXECUTION ISSUED OUT OF THE COURT OF COMMON PLEAS,
CIVIL DIVISION, TO ME DIRECTED, WILL BE EXPOSED TO PUBLIC SALE ON
February 19, 2016
At 10:00 o’clock in the Forenoon, in Courtroom No. 1 at the Court House in the City of Pottsville,
Schuylkill County, Pennsylvania, the Following Described Real Estate to wit:
Basic Bidding Information For
Mortgage Forclosure Properties
The properties are owned by debtors until they are sold on the day of sale. They are not open for public viewing
You will be bidding against the bank.
The bank has a predetermined amount that they will bid to. This is called the “upset price”. Only the bank, on the day of the sale, knows what this amount will be. It may be more or less than the judgment amount.
The Sheriff does not guarantee clear title to any property sold at sale. For example, you may buy a property with numerous liens requiring you to pay a lot more money than what you bid for the property and you must, under the law, pay these lien holders to clear what is now your title. This is solely YOUR responsibility. All liens registered on properties can be obtained at the Prothonotary Office in the Courthouse. A title search is recommended.
CONDITIONS OF SHERIFF’S SALE
- The Highest Bidder shall be deemed the purchaser.
- The purchaser will pay ten percent (10%) of bid price at the end of the sale. A condition of sales form and an acknowledgment of purchase provided by the Sheriff must be signed by the purchaser immediately after the sale. The balance of the purchase money must be paid to the Sheriff within ten (10) days of the sale.
- The purchaser is responsible for all unpaid real estate taxes and municipal liens. The Sheriff is not responsible for any unpaid taxes or liens except those included in the Schedule of Distribution.
- Upon the failure to comply with these conditions of sale, any money paid on account shall be forfeited by the purchaser and shall be applied to pay the costs of the sale and the costs of any subsequent sale and nothing herein shall relieve the purchaser from liability for all costs and damages arising out of such noncompliance. If the executing creditor registers its highest bid and the purchaser defaults, then the executing creditor shall be deemed to be the purchaser.
- The Sheriff shall not be liable for loss or damage to the premises sold resulting from any cause whatsoever, and makes no representation or warranty regarding the condition of the premises.
- The Realty Transfer Tax Statement of Value forms shall be prepared by the purchaser and returned to the Sheriff’s Office within ten (10) days from the date of sale. (Common level ratio is 2.15)
- The Sheriff reserves the right to postpone or stay the sale of any property in which the attorney on the writ has not appeared and is not present at the sale.