Purchase Properties for up to 90% Less in Value – Chester County, Pennsylvania Tax Deed Sale
If you’re looking to secure properties at a fraction of their market value, Chester County, Pennsylvania’s tax sales could be a golden opportunity. These sales, which include Upset Sales, Judicial Sales, and Repository Listings, can offer properties for up to 90% below market price.
Understanding Tax Sales in Chester County
Upset Sale
The Upset Sale is held every year on the second Monday of September. Properties with delinquent taxes of at least two years are auctioned off, but they come with all existing liens. This means bidders need to do their due diligence to understand what liens are attached to the property.
Judicial Sale
If properties remain unsold after the Upset Sale, they move to the Judicial Sale the following year. These properties are sold free of liens and encumbrances, often at potentially lower prices.
Repository List
Properties that don’t sell at either the Upset or Judicial Sales end up on the Repository List. These properties are available for purchase at any time, free of liens and taxes, offering another chance to acquire real estate at significantly reduced prices.
Important Details
Detail
Information
Tax Sale Type
Upset Sale, Judicial Sale, Repository List
Typical Date of Sale
Upset Sale: Second Monday of September; Judicial Sale: Held in December
All sales are conducted in person at the County Office Building. Make sure to pre-register and follow the detailed instructions available on the county website.
Understand Tax Liens or Tax Deeds
Learn about the types of sales, what properties are available, and the conditions attached to them.
For additional inquiries, contact the Chester County Tax Claim Bureau at 610-344-6360 or visit their office.
Pro Tips
Due Diligence: Always perform thorough due diligence before bidding to understand any liens or encumbrances.
Pre-Registration: Ensure you pre-register for the auction to avoid any last-minute issues.
Keep Updated: Regularly check the Chester County website for updates on-sale dates and requirements.
Attractions and Economic Highlights
Chester County offers a mix of scenic parks, theatres, and historic sites. The transportation infrastructure includes major highways, rail services, and proximity to airports, making it an attractive location for investors and residents alike. The economy benefits from sectors like agriculture, technology, and manufacturing, providing a robust environment for growth and development.
FAQs
What is the Upset Sale?
It’s the initial sale of properties with at least two years of delinquent taxes, held on the second Monday of September.
What happens if a property doesn’t sell at the Upset Sale?
It moves to the Judicial Sale the following year, where it’s sold free of liens and taxes.
What is the Repository List?
Properties unsold at both the Upset and Judicial Sales end up on the Repository List, free of liens and taxes, and available for bidding at any time.
If you need further assistance or have questions about tax lien investing, feel free to reach out for a consultation. You can book a call or access our free resources now! Happy Investing!
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Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.
Lien Sales Annually Oct – Nov. Deed Sales Are Held on a Needed Basis and Only on Properties That Were Not Sold at Lien Sale and Were Held by the County for 18 Months
10% Penalty if Redeemed in 1st 6 Months, 15% Penalty if Redeemed in Months 6-12, but Only on the Taxes and Fees Not the Overbid. Overbid Amount Receives 5% Interest.
Redemption Period:
1 Year if Sold at County Sale, Liens Not Sold at County Sale Are Certified to Commissioner and Sold in “Commissioner’s Certificate Sale” With 120 Day Redemption Period
Online Auction:
Yes
Over the Counter:
No but There Is a Second Auction Called a Commissioners Certificate Auction With a Shorter Redemption Period of 120 Days
25% Penalty Per 6 Months for Non Homestead or Special Land Use Properties. If 2 Yr Redemption Period Applies 25% for 1st Year and 50% Penalty for 2nd Year
Redemption Period:
6 Months for Most Properties. 2 Years for Homestead and Special Land Use Properties
Online Auction:
The Vast Majority No, but in 2019, Two Counties (Victoria & Orange)
“Upset Sale” First With Premium Bidding Which Does Not Extinguish Other Liens, Followed by “Judicial Sale” Where All Liens With the Exception of Irs Liens Are Extinguished
Frequency:
Annually Throughout the Year. Upset Sales Typically Held in the Fall. Judicial Sale Typically in the Spring but Could Be Anytime After the Upset Sale.
Interest Rate / Penalty:
N/A
Redemption Period:
N/A
Online Auction:
Very Few
Over the Counter:
Yes Through “Repository” List With County Acceptance
Chester County
Purchase Properties for up to 90% Less in Value – Chester County, Pennsylvania Tax Deed Sale
If you’re looking to secure properties at a fraction of their market value, Chester County, Pennsylvania’s tax sales could be a golden opportunity. These sales, which include Upset Sales, Judicial Sales, and Repository Listings, can offer properties for up to 90% below market price.
Understanding Tax Sales in Chester County
Upset Sale
The Upset Sale is held every year on the second Monday of September. Properties with delinquent taxes of at least two years are auctioned off, but they come with all existing liens. This means bidders need to do their due diligence to understand what liens are attached to the property.
Judicial Sale
If properties remain unsold after the Upset Sale, they move to the Judicial Sale the following year. These properties are sold free of liens and encumbrances, often at potentially lower prices.
Repository List
Properties that don’t sell at either the Upset or Judicial Sales end up on the Repository List. These properties are available for purchase at any time, free of liens and taxes, offering another chance to acquire real estate at significantly reduced prices.
Important Details
Steps to Participate in Chester County Tax Sales
Familiarize yourself with the legal framework governing tax sales in Chester County.
Key regulations and procedures can be found on the Chester County Tax Claim Bureau website.
Find detailed information about tax sales, including sale schedules and parcel inquiries.
Chester County Tax Claim Bureau
All sales are conducted in person at the County Office Building. Make sure to pre-register and follow the detailed instructions available on the county website.
Learn about the types of sales, what properties are available, and the conditions attached to them.
Repository List and bid submission instructions
For additional inquiries, contact the Chester County Tax Claim Bureau at 610-344-6360 or visit their office.
Pro Tips
Attractions and Economic Highlights
Chester County offers a mix of scenic parks, theatres, and historic sites. The transportation infrastructure includes major highways, rail services, and proximity to airports, making it an attractive location for investors and residents alike. The economy benefits from sectors like agriculture, technology, and manufacturing, providing a robust environment for growth and development.
FAQs
It’s the initial sale of properties with at least two years of delinquent taxes, held on the second Monday of September.
It moves to the Judicial Sale the following year, where it’s sold free of liens and taxes.
Properties unsold at both the Upset and Judicial Sales end up on the Repository List, free of liens and taxes, and available for bidding at any time.
Useful Links
Need a Hand?
If you need further assistance or have questions about tax lien investing, feel free to reach out for a consultation. You can book a call or access our free resources now! Happy Investing!
Sign up or log in to view the full content.
Join Us
Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.