This Property is currently only available to Owner/Occupants, Government Entities, or HUD Approved Non-Profits. See details below.
SPECIAL NOTES:
(1) OWNER OCCUPANTS ONLY
(2) Seller to pay Taxes, HOA, and Municipal/Utility Liens.
(3) Bids below the reserve may be presented to the seller for consideration.
(4) Please read the Williams and Williams disclaimers carefully before placing a bid or submitting an offer.
• Buyer will not be charged a Buyers Premium or Auction Service Fee.
• Buyer's Agent Commission: Not offered.
• Buyer is responsible for all escrow and closing fees typically ranging from $750-$3000. It is the Buyer’s responsibility to contact a local title agency or real estate attorney for a property specific estimate prior to placing a bid.
• Closing must occur on or before 30 days from seller's acceptance of offer.
• Buyer is responsible for obtaining possession of the property after closing.
• The property is being offered As-Is, Where-Is, without any contingencies.
• Seller will agree to transfer title via Special Warranty Deed (or jurisdictional equivalent) if buyer secures title insurance, at buyer's expense, without delaying the closing date. If buyer does not purchase title insurance, Seller will transfer the property via quit claim deed (or jurisdictional equivalent).
This is a HUD Second Chance home auction – Second Chance means it didn’t sell to a new homeowner at the Foreclosure Auction. During this Second Chance auction period, Seller advises the home is discounted below Seller's appraised value. This is a limited time opportunity. No Buyer's Premium
Open Public Inspections: Property is occupied and will not be available for inspection. Please do not disturb occupants.
•Property is being sold in an “as is” condition, and the condition is unknown and may include defects, possible health or safety hazards, or debris, or be located in a Special Flood Hazard Area.
•Proof of Funds Required. The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification within 24 hours of the auction. Buyer must obtain a “pre-qualification” letter from a lender of their choice. If buyer intends to pay with cash, a bank letter or other financial account statement showing proof of sufficient funds to cover 100% of the purchase price will be required (account numbers should be removed or redacted). Buyer understands and agrees to submit said documentation to auctioneer within 24 hours of the auction.
• Utilities Disclosure. The utilities to this property are not currently “turned on” and the property has been winterized. Utilities will not be turned prior to closing, regardless of inspections. Buyer will need to consider this and account for it if/when inspecting the property. Buyer is responsible for utility transfer post-closing.
• Square Footage/Acreage Disclosure. The source of the square footage or acreage represented for the property is from public record. Buyer understands and acknowledges that square footage or acreage measurements of a property can vary from a few feet to several hundred feet regardless of source (County Assessor’s records, appraisal or appraisal measurement report, survey, etc.). Buyer shall be solely responsible for satisfying that the size and/or square footage or acreage of the property is acceptable to the Buyer.
•Occupied Property Disclosure. Buyer acknowledges and understands that property herein is occupied. Buyer accepts responsibility for eviction, lease or rental negotiation, or other remediation, as Buyer finds necessary in order to clarify legal occupancy status. Buyer agrees to hold Seller, Williams & Williams, and its agents harmless from any and all results therein.
•Occupied Property and Utility Usage Disclosure. Buyer acknowledges and understands that property herein is occupied and utilities have not been disconnected. Buyer accepts responsibility for eviction, lease or rental negotiation, or other remediation, as Buyer finds necessary in order to clarify legal occupancy status. Buyer further shall be responsible for payment of utilities consumed and used by tenants. Any collection or reimbursement of said utility payment s by tenants shall be the sole responsibility of the Buyer. Buyer agrees to hold Seller, Williams & Williams, and its agents harmless from any and all results therein. Buyer is advised to conduct a thorough investigation of the property’s utility usage and any associated costs and expenses associated with usage.
•Neither Seller nor Williams & Williams make any assertions to the compliance standards of smoke and/or carbon monoxide detectors(CO). Buyer acknowledges that if such inspections are required,(dye test, Smoke (CO), Occupancy) Buyer will perform the inspections prior to closing. Buyer is responsible for cost of certificate, and any costs and expenses necessary for complying with the State/City/County/Borough requirements, which may or may not include repairing violations noted. Buyer is purchasing the Property as-is, where-is,' and assumes all responsibility for complying with the results of inspections. Should repairs be required to comply with State/City/County/Borough requirements, buyer will accept responsibility and waive seller/agent liability by signing a hold harmless agreement at close.
•Occupancy Certification Required. A City of Philadelphia certification statement is required prior to closing, and Buyer is responsible for obtaining certificate by going to the City of Philadelphia website (www.phila.gov). Buyer is responsible for cost of certificate, and any costs and expenses necessary for complying with the City's requirements, which may or may not include repairing violations noted.
Assessor's Parcel #: 171171100
- "As-Is, Where-is", no contingencies to sale
- No Buyer's Premium
- 1% Down-payment ($1,500 minimum)
- Occupied
- View full Terms of Sale
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