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400 Properties Up for Sheriff's Sale Wednesday

Hundreds of Montgomery County properties will be on the block for the monthly sheriff's sale Wednesday, August 29.

More than 470 properties are on the list for Wednesday’s Montgomery County sheriff's sale. About 50 of those cases have already been closed, and a few more have been postponed for next month. That leaves nearly 400 properties to be put on the block Aug. 29.

Sales start at 1 p.m. in Court Room A at the , Swede and Airy Streets in Norristown.

There is a minimum total bid amount that must be exceeded for each property to sell. And the winning bidder must have 10% of the sale price at the auction, with the remaining portion due within 10 days of the sale.

The properties are not available for inspection prior to the sale. More information is available on Montgomery County's website

Sam Massey August 30, 2012 at 11:27 PM
We agree with Anna above! There's many bank owned properties on the market and great opportunities! Sam Massey Team Prudential Fox & Roach Realtors Sam@sammassey.com
Meg Hamberg September 04, 2012 at 12:46 AM
Most properties up for Sheriff Sale will be reclaimed by the mortgagee because the they will not allow anybody to bid less than what they are owed for the property. In other words, if the house has been foreclosed on and there is a $300,000 balance on the mortgage, the mortgagee will not allow anybody to purchase the property for less than that amount. Buying at sheriff sale can be very risky for all but the seasoned real estate investor, since you will not get clear title to the property. Agree completely with Anna and Sam that there are many better (read: safer) opportunities for a good deal out there. REO (bank-owned) properties and short sales, as well as traditional resales can be found at great prices right now. You can search here:http://www.pahouselink.com/home-lifestyle-search/investment-properties/distressed-homes-for-sale/ The Hamberg Team Keller Williams Real Estate
Linda Gedney September 21, 2012 at 04:13 AM
Scott, You could look into short sales and get a good deal as well and not wait at the court house! My associate does a lot of them and gets them through pretty quickly! Linda Gedney Prudential Fox & R0ach Linda.Gedney@gmail.com
Newt Malerman September 29, 2012 at 10:41 AM
Ignoring the fact that it was Mr. Bush and friends who got us into this mess... but don't let facts get in the way of your bigotry!
Elise West Greenberg September 30, 2012 at 02:32 PM
This list is very misleading. Most of these never get sold at the sheriff sale. And if they are considerably undervalued, the lender will buy them back. Many of these are postponed endlessly. All sales are cash sales. The best time to find these houses is by finding listed short sales. If there is adequate time, you may be able to get a deal before the house goes to foreclosure. www.ListWithElise.com

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