lehigh county sheriff sale list

3 min read 22-11-2024

Finding the right property can be challenging, especially when looking for deals. One avenue often overlooked is the Lehigh County Sheriff Sale List. This list contains properties being sold at sheriff's sales due to foreclosure. This comprehensive guide will walk you through understanding and navigating the Lehigh County Sheriff Sale process.

Understanding Lehigh County Sheriff Sales

A sheriff's sale in Lehigh County, Pennsylvania, is a public auction of real estate properties. These properties are typically foreclosed upon due to unpaid mortgages or other liens. This means you have the opportunity to purchase properties potentially below market value. However, it's crucial to understand the process and potential risks involved.

What is included in the Lehigh County Sheriff Sale List?

The Lehigh County Sheriff Sale list typically includes:

Property Address: The complete address of the foreclosed property.
Case Number: A unique identifier for the legal case leading to the sale.
Sale Date and Time: The date and time of the scheduled auction.
Opening Bid: The starting price of the auction.
Property Description: A brief description of the property, sometimes including details about the size and condition. This is often limited, however, so further investigation is required.

Where to Find the Lehigh County Sheriff Sale List:

The most reliable source for the current Lehigh County Sheriff Sale list is the official website of the Lehigh County Sheriff's Office. This website is regularly updated and provides the most accurate information. You should always check this official source rather than relying on third-party aggregators.

Navigating the Lehigh County Sheriff Sale Process

Participating in a sheriff's sale requires careful preparation and understanding of the process. Here's a step-by-step guide:

1. Research Potential Properties

Thoroughly research properties on the Lehigh County Sheriff Sale list before attending the auction. Use online resources like Zillow or Realtor.com to estimate the fair market value. This will help you determine a reasonable bid.

2. Attend the Auction

Arrive early at the specified location. Be prepared to register and potentially provide identification and proof of funds.

3. Understand Bidding Procedures

Sheriff sales follow specific bidding procedures. Familiarize yourself with these rules before attending. This will prevent any surprises or mistakes.

4. Financing Your Purchase

Securing financing for a sheriff's sale property can be more challenging than a typical home purchase. Pre-qualification for a loan is essential.

Potential Risks and Considerations

Sheriff sales have inherent risks:

Property Condition: Properties sold at sheriff's sales are often "as-is," meaning you're responsible for any repairs. A thorough inspection is highly recommended.
Liens and Back Taxes: There's always a possibility that there are additional liens or unpaid taxes beyond the mortgage. Researching the property's title is essential to minimize future surprises.
Eviction Process: If the property is currently occupied, you’ll need to navigate the eviction process. This can be costly and time-consuming.

Frequently Asked Questions (FAQs)

Q: How often is the Lehigh County Sheriff Sale list updated?

A: The list is typically updated regularly, often weekly. Check the Lehigh County Sheriff's Office website for the most current information.

Q: Do I need a real estate agent to participate in a sheriff's sale?

A: While not required, an experienced real estate attorney can provide valuable guidance through the process. They can help you navigate legal complexities and protect your interests.

Q: What happens if I win the bid?

A: Upon winning the bid, you'll be required to pay the full amount within a specified timeframe. Failure to do so could result in forfeiting your deposit and losing the property.

Conclusion

The Lehigh County Sheriff Sale list presents an opportunity to acquire properties at potentially attractive prices. However, it's a process that requires diligent research, careful planning, and legal guidance. By understanding the process and taking the necessary precautions, you can potentially find a great deal on a property in Lehigh County. Remember to always consult the official Lehigh County Sheriff's Office website for the most accurate and up-to-date information. Don't hesitate to seek professional legal and financial advice before bidding.