January 2009 Bucks County PA Sheriff Sale

Real Estate Agent with Coldwell Banker Hearthside-Yardley
Bucks County, PA January 9th, 2009 Sheriff Sales Some highlights from the sale. 206 Properties listed for sale. 173 (84%) Properties were taken off the list or adjourned to a later date. 33 (16%) Properties were foreclosed on. 11 (5%) of the 31 from above were sold to someone other than the bank. 19 (9%) sold between 100K and 200K. It appears the banks are working much harder to work with the consumers. As of today’s date 305 properties are listed for the February 13 sale. It will be interesting to see if this trend continues. A few notes for everyone who has read a book that says how easy it is to buy foreclosures. Keep in mind you can not view the interior of the property only the exterior. You do not know if the heater or A/C work, nor the electric and water etc work, or anything else inside for that matter. You must have title work done prior to the sale. You must have 10% in cash at the time of your bid and balance of 90% must be paid within 10 days (not enough time for a mortgage). If anyone has any questions please feel free to contact me.

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