The Pennsylvania Repository Sale Bid Sheet is a document used to track bids for sale of property in Pennsylvania. This document (56.5 KiB) is used to set up an auction between buyers and sellers for the sale of real estate. The bid sheet contains information about the property, including address, legal description, price, and terms of sale. It also includes buyer information, such as name, address, and contact information. The bid sheet also includes a space for the buyers to submit a bid. There are two types of Pennsylvania Repository Sale Bid Sheet (56.5 KiB): one for residential properties and one for commercial properties.
Pennsylvania Repository Sale Bid Sheet (56.5 KiB)
State:
Pennsylvania
Control #:
PA-SKU-1980
Format:
PDF
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Repository Sale Bid Sheet (56.5 KiB)
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FAQ
Properties still unsold after the annual, judicial, and bid-off sale are placed in the repository, at which point anyone, with the exception of the property owners, may bid on the property.
In the Judicial Sale, the properties are generally sold to the highest bidder, regardless of the amount of unpaid delinquent taxes. Each property is sold free and clear of mortgages and liens, as long as mortgage and lien holders receive proper notice of sale.
TERMS OF SALE: The upset Sale's purpose is to offer properties to the highest Bidder for delinquent taxes. The Sale may be adjourned and continued to a later date. No property will be sold unless the price bid equals or exceeds the upset sale price as announced.
Anyone that owns a property in Pennsylvania is at risk of having their property sold at tax sale if they don't pay their real estate taxes for two years. The next year your property will be listed for an Upset Tax Sale.
Because a property tax lien has priority, if you lose your home through a tax sale process, mortgages get wiped out.
Property tax sales in Pennsylvania are usually governed by the state's Real Estate Tax Sale Law. Again, under this law, if you get behind in your property taxes, your home is first put up for sale at an upset tax sale. If the property doesn't sell, the home is then usually sold at a judicial tax sale.
These are properties that have been through both tax sales (Upset Sale and Judicial Sale) that did not sell and now are available for bid. When is the Repository Sale? The properties listed on the repository sale list are available at any time to bid on.
Following the Upset Tax Sale payment, you will receive a receipt. After time of objection and if no objection filed, you will receive a Deed for the purchased property no less than 45 days from date of sale.