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Kind of embarrassing but I'm searching for options. And please save the should haves and could haves,but bottom line is we just got a notice of sheriff sale with less than 20 days notice. The house is not in my name so I'm not sure of what kind of mailings the owner/heirs may have gotten,but I did hear that the word foreclosure had come up recently. And what I've heard of foreclosures is that the process could take up to a year,so this seemed like short notice.
I tried making some phone calls to the city and basically what I got was,first I have to file a petition to postpone the sale. Along with that I have to have the house changed into my name,then one of 3 things- attempt to qualify for a mortgage(credit score is not even 600 plus nothing to put down),or try to sell the place and possibly come out with extra depending on the assessment/value etc. Which I think would only be a few thousand dollars,or do a bankruptcy.
Kind of embarrassing but I'm searching for options. And please save the should haves and could haves,but bottom line is we just got a notice of sheriff sale with less than 20 days notice. The house is not in my name so I'm not sure of what kind of mailings the owner/heirs may have gotten,but I did hear that the word foreclosure had come up recently. And what I've heard of foreclosures is that the process could take up to a year,so this seemed like short notice.
I tried making some phone calls to the city and basically what I got was,first I have to file a petition to postpone the sale. Along with that I have to have the house changed into my name,then one of 3 things- attempt to qualify for a mortgage(credit score is not even 600 plus nothing to put down),or try to sell the place and possibly come out with extra depending on the assessment/value etc. Which I think would only be a few thousand dollars,or do a bankruptcy.
Advice?...
Since the house is not even in your name, you're basically SOL at this point. You have no legal standing.
Our county property tax sale was held back in November. The high bidders on each property were only "buying" the property taxes owed by the owner. I attended the sale and was interested in a property that was in the name of the grandmother who was deceased and the deed was still in her name from 2000.
Anyone could locate the heirs or names from the obituary, etc. and contact them. They would have to arrange for the property taxes to be paid and then, if there was no will, the heirs can petition to get themselves declared the closest of kin and get the deed transferred through the probate department. And this process allowed 12 months because the high bidder as the tax sale by law had to allow 12 months for the property taxes to be paid.
So you need to locate the closest of kin or the owner of the property.
20 days until the sale? Not a problem in our county.
It just means someone will agree to pay the back taxes and hope no one comes forward. After 12 months and the owner does not come forward then at that time the tax sale bidder would receive a tax tile from the county and can begin to get a clean deed.
Kind of embarrassing but I'm searching for options. And please save the should haves and could haves,but bottom line is we just got a notice of sheriff sale with less than 20 days notice. The house is not in my name so I'm not sure of what kind of mailings the owner/heirs may have gotten,but I did hear that the word foreclosure had come up recently. And what I've heard of foreclosures is that the process could take up to a year,so this seemed like short notice.
I tried making some phone calls to the city and basically what I got was,first I have to file a petition to postpone the sale. Along with that I have to have the house changed into my name,then one of 3 things- attempt to qualify for a mortgage(credit score is not even 600 plus nothing to put down),or try to sell the place and possibly come out with extra depending on the assessment/value etc. Which I think would only be a few thousand dollars,or do a bankruptcy.
Advice?...
You are in Philadelphia, according to your profile "Phila4now"?
It takes liquid funds to buy a foreclosure. $$$$ and non-refundable. It is not an endeavor to take lightly.
4. All properties are sold "AS IS" with NO expressed or implied warranties or guarantees whatsoever.... It is the responsibility of the bidder to investigate any and all liens, encumbrances and/or mortgages held against the property which may not be satisfied by the post-sale Schedule of Proposed Distribution under Pa. R.C.P. 3136 ("Schedule of Proposed Distribution").
Regardless....
If you cannot afford an attorney, you probably should immediately contact a Legal Aid service. You need to know where you stand, and maybe get help delaying sale. https://clsphila.org/ https://philalegal.org/
Our county property tax sale was held back in November. The high bidders on each property were only "buying" the property taxes owed by the owner. I attended the sale and was interested in a property that was in the name of the grandmother who was deceased and the deed was still in her name from 2000.
Anyone could locate the heirs or names from the obituary, etc. and contact them. They would have to arrange for the property taxes to be paid and then, if there was no will, the heirs can petition to get themselves declared the closest of kin and get the deed transferred through the probate department. And this process allowed 12 months because the high bidder as the tax sale by law had to allow 12 months for the property taxes to be paid.
So you need to locate the closest of kin or the owner of the property.
20 days until the sale? Not a problem in our county.
It just means someone will agree to pay the back taxes and hope no one comes forward. After 12 months and the owner does not come forward then at that time the tax sale bidder would receive a tax tile from the county and can begin to get a clean deed.
It's not taxes,it's the principle on a reverse mortgage.
You have a convoluted problem here. Randos on the Internet can't really solve it for you, or even give decent advice. I would take the advice in post #2.
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