Philadelphia County, PA Sheriff Sale: 5811 W THOMPSON ST, 19131-4119

Due Diligence

Seller Name:	PhilaForeclosures
Rating:	Not Applicable
Location:	5811 W THOMPSON ST, Philadelphia, PA 19131

Final Bid:	$65,000
Number of Bids:	14
It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:	$9,400
Your Bid Status:	Log in to view status
It is the minimum dollar amount a Seller is willing to accept for an auction. This amount is not disclosed on the Web site, but bidders are notified once the reserve price has been met. Auctions with no reserve price are labeled as "No Reserve" on the auction listing. Reserve:	Not Met!
Status:	Closed
Auction Started:	09-13-22 10:00 AM ET
Auction Closed:	09-13-22 01:55 PM ET
Bid Increment:	$1,000
It is an extension of the auction close time and keeps an auction open as long as there is active bidding. It occurs automatically when a bid is placed within the last few minutes of an auction. The auction will remain open until an entire overtime increment has passed without any bidding. The overtime increment is indicated on the auction listing. Overtime Period:	5 minutes
Source:	Government
Deposit Required:	$5,035 — See Instructions
This fee is added to the winning bid amount and covers the costs associated with the auction. The buyer's premium percentage is indicated on the auction listing and displayed during the bid process. See the Settlement Requirements section of the auction for more details on the Buyer's Premium. Buyer's Premium:	1.5%
Page Views:	383

View Other Foreclosures

Asset Information

Deposit Requirement

A single $5,035.00 deposit (includes a $35 nonrefundable processing fee) is required to participate in the 09-13-2022 Philadelphia County Sheriff sale.
Deposits must be received by Bid4Assets no later than 4:00PM ET (1:00 PT) Tuesday, September 6th
Click here to place your deposit.

Disclaimers

Philadelphia County Sheriff's Office retains the right to reject any and all bids for any reason.
Philadelphia County Sheriff's Office may withdraw this property from the auction at any time before or during the sale.
Philadelphia County Sheriff's Office reserves the right to cancel the sale of a property at any time prior to the issuance of the deed.

Item Specifics - Parcel Information

Parcel Information
OPA	043030600
Address	5811 W THOMPSON ST, Philadelphia, PA 19131

Other Properties
County	Philadelphia
Attorney	KML LAW GROUP, P.C.
Plaintiff	WILMINGTON SAVINGS FUND SOCIETY, FSB, NOT INDIVIDUALLY, BUT SOLELY AS TRUSTEE FOR NATIONSTAR HECM ACQUISITION TRUST 2020-1
Book/Writ	2203-361
Address	5811 W THOMPSON ST, 19131-4119
Sale Type	Mortgage Foreclosure

All Seller-Related Due Diligence — (View Related Auctions)

The due diligence items below apply to all related auctions from this seller.

General Sale Information

Terms of Sale

Assignment of Bid

Asset Description

Bidding Requirements

To bid on this auction, all bidders are required to become qualified by placing a deposit. The deposit of the winning bidder is automatically transferred to the seller at the end of the auction. If the winning bidder fails to perform on any auction, the entire BidDeposit will be forfeited to the seller. Non-winning bidder deposit refunds are mailed within ten (10) business days after the close of the auction. This deposit cannot be applied to other auctions. To find out more about the BidDeposit requirement, click here.

Settlement Requirements

Purchaser shall pay the balance of 10% of the purchase price plus a 1.5% buyer’s premium (on the total purchase price) by 5:00 PM ET on the first (1st) business day following the Auction. Purchaser shall have 15 calendar days from the auction date to pay the remaining balance. Payments shall be made to Bid4Assets. No exceptions will be made. If the payment policy is not adhered to the winning bidder will forfeit their deposit to the Philadelphia County Sheriff’s Office and may be banned from future sales. A $35 per-parcel-won administrative fee will be added to the final sale price.

Please view Terms of Sale for more information.

Buyer Premium Information

This auction requires that the winning bidder pay a Buyer's Premium of 1.50% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction).

This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.