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 highest bidder will take the property
at the highest bid price. Additionally, where there is active bidding, the highest bidder, and the
second highest 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. 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. 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 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. Conditions of Sheriff's Sale for 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 their bid is registered, provided that in no case shall less
than $500.00 be deposited, otherwise upon failure or refusal to make such
deposit, the bidder shall lose all benefit of the 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. The
balance of the purchase money must be deposited in cash, certified check,
attorney’s check or money order together with a certification from the
Department of Revenue for execution by the highest bidder to the Sheriff at his
office within 30 days from the date of sale.
An extension of time for an additional 30 days may be granted at the
discretion of the Sheriff upon 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 their second bid.
Thereafter, the Sheriff shall be at liberty to return the decree to the
courts and the sale of said property will be marked as “Terms of Sale Not
Complied.” 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. No
personal checks, drafts or promises to pay will be accepted in lieu of cash,
certified check, attorney’s check or money order made payable to the Sheriff
of Philadelphia. The
deposit made 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 costs,
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. The
first bid or opening bid on each property shall be a sum sufficient to pay all
Sheriff’s costs, in addition to the amount of the original tax lien.
Each successive bid thereafter shall be One Hundred Dollars above the
last amount stated. 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 decree at that price. The
Sheriff reserves the right to grant further extension of time to settle and
further reserves the right to refuse bids from bidders who fail 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 requires from each successful purchaser before settlement, certification
from the Department of Revenue of the City of Philadelphia, that the successful
purchaser is not more than one [1] year delinquent in paying real estate taxes
on any properties owned by said purchaser with the City of Philadelphia, or that
the purchaser is under agreement with the City of Philadelphia for repayment of
any taxes due the City. The Sheriff reserves the right to waive the requirements of
said certification when the said certification has been reasonably requested but
has not been received. The
Sheriff will not acknowledge a deed to any individual or entity using an
unregistered fictitious name and may, at his discretion, require proof of the
identity of the purchaser or the registration of a fictitious name.
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 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 decree has not appeared and/or is
not present at the sale. Effective: February
2000
JUDICIAL/FORECLOSURE SALE
Conditions of Sheriff's Sale for
TAX DELINQUENT SALEEffective Date: May 5,1997
TAX LIEN SALE