Conditions for On-Line Sheriff’s Sale
Notice to all
All photos on Sheriffsale.com's website are the legal property of Reach Communication Specialist,you may not copy,reproduce or sell the photos on Sheriffsale.com website without written expressed consent given by a authorized person of Reach Communications Specialist. If it is discovered photos or any portion of our website is being copied, reproduced, or sold for gain or otherwise, Reach Communications Specialst will prosecute to the full extent of the law.
Please be advised
This website is intended to aide members in the Sheriff's Sale process. It should not be used as the bidder's sole source of information regarding properties listed. It is the bidder's responsibility to visit and verify any properties of interest prior to bidding on a property. Errors or Omissions that result in unsatisfactory purchases are not the responsibility or liability of the publisher.
All bidders that participate in the online auction will be charged a $25 participation fee. This $25 fee will be charged to your credit card even if you don't use our auction representation. If you use our auction representation the $25 online bid fee must be included with your deposit. If $25 online bid fee isn't included your credit card on file will be billed.
Sheriffsale.com is a advertising site for Philadelphia Sheriff Sale properties and a online pre-bidding process.
The online auction closes three business days prior to the Sheriff’s Sale auction.At the closing of the auction, each highest bidder will be notifed you are the highest bidder and you will be charged a non-refundable $25.00 Representation fee. Any user that bids in the pre-bid auction is bidding for a representative of Sheriffsale.com to represent them at the auction. The highest bidder of each property auctioned on Sheriffsale.com has 24-hours to confirm they want a representative from Sheriffsale.com to bid on their behalf by phone at 1-800-952-7322 or 1-215-772-1925. We must also receive your 10% deposit and any additional fees within 1 day for your bids.
Failure to confirm representaion and pay required fees will result in an immediate default of the highest bidder. Representation fees are non-refundable! The second highest bidder, will then be given a 24-hour period to confirm representation and pay required deposits.
Repeated failure to confirm pay required deposit and fees will result in suspension and/or termination of privileges to bid on Sheriffsale.com.
All deposits shall be submitted in cash,certified check, attorney’s check, money order or wire transfer.In no case shall the deposit be less than $600.00 (six-hundred dollars).
Once the required deposits are made along with a signed reciept confirming the property address, writ number, and maximum bid amount you will be represented at the Sheriff's Sale.
All members that participate in our online bidding regardless of bidder status will be charched a one time $25 fee each sale.
An experienced bidder will
actively bid against other bidders up to your highest online bid amount.
If your highest bid
is not the winning bid at the live Sheriff’s Sale, your 10% (ten percent) deposit
will be returned within 10(ten)days. Once a winning bid is accepted at the live Sheriff’s Sale, Sheriffsale.com will submit a 10% deposit on the selected property to the Philadelphia Sheriff’s Office and forward an auction receipt to the winning bidder who assumes all responsibilities for the 90% (ninety percent) remaining payment. There will be an additional $75.00 (seventy-five dollars) processing fee for all winning Sheriffsale.com bids at the Sheriff’s Sale.All users of Sheriffsale.com must comply with the following conditions of Sheriff’s Sale for Judicial/Foreclosure Sale.
Conditions of Sheriff's Sale for
JUDICIAL/FORECLOSURE SALE
Ten percent of the highest bid for each
property auctioned off shall be deposited in cash, certified check, attorney’s
check or money order with the Sheriff by each bidder when his bid is
registered, provided that in no case shall less than Six Hundred Dollars
($600.00) be deposited, otherwise upon failure or refusal to make such deposit,
the bidder shall lose all benefit of his bid and the property may be
immediately offered again and sold unless a second bid has been registered,
then, the second bidder will take the property at the highest bid price.
Additionally, where there is
active bidding, the highest bidder, and the second bidder, if any must post the
entire amount of the cost of the distribution policy for the property at the
time of sale by cash, certified check, attorney's check or money order with the
Sheriff.
The balance of the purchase money
must be deposited in cash, certified check, attorney’s check or money order
together with a Deed poll for execution by the highest bidder to the Sheriff at
his office within 30 days from the time of the sale. An extension of time for
an additional 30 days may be granted at the discretion of the Sheriff upon
receipt of written request from the buyer requesting the same, except when a
second bidder has been duly registered. Also, if the first bidder does not
complete settlement with the Sheriff within the thirty (30) day time limit and
a second bid was registered at the sale, the second bidder shall be granted the
same thirty (30) day time limit to make settlement with the Sheriff on his
second bid. Thereafter, the Sheriff shall be at liberty to return the writ to
court.
A second bid must be registered on
any property immediately after it is sold. The second bidder must present the
same amount of deposit that the highest bidder delivers to the Sheriff at the
sale. An extension of time under no circumstances will be granted or honored by
the Sheriff whenever a second bid is registered on a property at the sale.
The first bid or opening bid on each
property shall be a sum sufficient to pay all Sheriff’s costs including
advertising, all taxes, water rents and municipal claims due to the City of
Philadelphia. If there is no other bid price above the opening bid price, the
property shall be sold by the auctioneer to the attorney on the writ at that
price.
The deposit by any bidder who fails
to comply with the above conditions of sale shall be forfeited and the funds
will be applied to the Sheriff’s cost, then to any municipal claims that the
City of Philadelphia has on the property. Finally, if a balance still remains,
a Sheriff’s Distribution Policy will be ordered and the money will be
distributed accordingly.
No personal checks, drafts or
promises to pay will be accepted in lieu of cash, certified checks, attorney’s
checks or money orders made payable to the Sheriff of Philadelphia County.
The Sheriff reserves the right to
grant further extensions of time to settle and further reserves the right to
refuse bids from bidders who have failed to enter deposits on their bids,
failed to make settlement, or make fraudulent bids, or any other behavior which
causes disruption of the Sheriff Sale. Said bidders shall be so refused for the
sale in which said behavior occurred and for said further period of time as the
Sheriff in his discretion shall determine.
The Sheriff will not acknowledge a
deed poll to any individual or entity using an unregistered fictitious name and
may, at his discretion, require proof of identity of the purchaser or the
registration of fictitious names. The bid of an unregistered fictitious name
shall be forfeited as if the bidder failed to meet the terms of sale.
All bidders are advised to remain at
the sale until after the last property is sold. The Sheriff reserves the right
to re-sell any property at any time before the end of the sale, upon the
successful bidders' failure to tender the required deposit. 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.
