Sheriff's Sale

NOTICE

Please be advised, The Berks County Sheriff's Office will now be holding all Sheriff Sales virtually through Bid4Assets. Click the below image to access the link for the Berks County Sheriff's Office Sheriff Sale webpage.

**Deposits must be submitted to Bid4Assets no later than 7 day prior to the scheduled Sheriff Sale. The Berks County Sheriff's Office does not accept deposits in the office.**

https://www.youtube.com/watch?v=WCJyzKwsBD4

Click the above link for the Berks County Sheriff Sale participation guide from Bid4Assets.

Updated Sheriff Sale Conditions

Court Order allowing Berks County Sheriff's Office to conduct online Sheriff Sale's beginning with the January 8, 2021 Sheriff Sale and will continue until further Order of the Court.

Basic Bidding Information for Mortgage Foreclosure Properties

You will be bidding against the bank.
The bank has a predetermined amount that they will bid to. This is called the "upset price". Only the bank, on day of sale, knows what this amount will be. It may be more or less than the judgment amount.
If you are the successful bidder, upon the auction’s close, purchaser will have their deposit applied towards their balance due. Purchaser must pay the balance of 10% of the purchase price plus a 1.5% buyer’s premium (on the total purchase price) by close of business of the Sheriff’s Office on the first (1^st) business day following the Auction. The balance (of your bid) is due within 10 calendar days. If the balance is not paid within those 10 days, you lose your down payment. The deed will be recorded in 60 days.
You will not have the deed in time to use that property for a mortgage. (Therefore, you cannot be pre-approved for a mortgage). The properties are not guaranteed in any way and debts against that property may become yours. It is strongly recommended that a title search be conducted on any property prior to bid.
The properties are owned by the debtors until they are sold on day of sale. Properties are not open for public viewing.
Link for the current Realty Transfer Tax Form Statement of Value. If the most recent form is not used, your deeding instructions will be rejected by the Berks County Recorder of Deeds: