***POSTPONED***Berks County, PA Sheriff Sale: 1037 MADISON AVE- Postponed to 12/10/2021, New Auction 1021235

Deposit Requirement

• A single $10,000.00 deposit (plus $35 nonrefundable processing fee) is required to participate in the 11-05-2021 Berks County Sheriff sale.
• Deposits must be received by Bid4Assets no later than 4:00PM ET (1:00 PT) Friday, October 29th
• Click here to place your deposit.

Disclaimers

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

End of Auction
After the close of the final auction of the day for this seller, all winning bidders are sent detailed instructions via e-mail on settlement procedures and how to provide the necessary deed transfer information.

The seller requires that the winning bidder submit the deed transfer information to Bid4Assets within 7 days of the close of auction.

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.

Purchaser shall 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 (1st) business day following the Auction. Purchaser shall have 10 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 Berks County Sheriff’s Office and may be banned from future sales.

The exact settlement cutoff date and time will be listed in the Deed Wizard settlement process after the close of auction(s).

A $35 per-parcel-won administrative fee will be added to the final sale price.