Real Estate > Other > All > # 1205208

Philadelphia County, PA Sheriff Sale: 257 SOUTH 16TH STREET

Due Diligence

Seller Name:	PhilaForeclosures
Rating:	Not Applicable
Location:	257 SOUTH 16TH STREET PHILADELPHIA, PA 19102

Want to be notified when this auction begins accepting bids?

Current BID: $518,500

It is the minimum amount you can bid above the current bid price. A bidder can place a bid amount that is equal to or greater than the bid increment (e.g., through a flat bid using our advanced bidding features), just not less than the bid increment. Bid Increment: $1,000

Once your deposit has posted and you are logged in, you will be able place a bid on this auction.

Number of Bids:	0
It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:	$518,500
Closes In:	1 days
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:	In Preview
Auction Starts:	07-01-25 10:00 AM ET
Auction Closes:	07-01-25 01:40 PM ET
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
Page Views:	209

View Other Foreclosures Add to Watch List

Asset Information

Deposit Requirement

A single $5,035.00 deposit (includes a $35 nonrefundable processing fee) is required to participate in the 07-01-2025 Philadelphia County Sheriff sale.
Deposits must be received by Bid4Assets no later than 4:00PM ET (1:00 PT) Tuesday, June 24th
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	881031500
Address	257 SOUTH 16TH STREET PHILADELPHIA, PA 19102

Other Properties
County	Philadelphia
Sheriff Number	24002534
Attorney	STRADLEY RONON STEVENS & YOUNG, LLP
Debt Amount	$12,455,556.00
Plaintiff	CITIZENS BANK, N.A, SUCCESSOR BY MERGER TO INVESTORS BANK
Book/Writ	2403-352
Address	257 SOUTH 16TH STREET PHILADELPHIA PA 19102
Sale Type	MORTGAGE FORECLOSURE
Property Description	257 SOUTH 16TH STREET PHILADELPHIA PA 19102 Property Data for OPA #881031500 Ward: 8 Sale Type: MORTGAGE FORECLOSURE Court Case #: 230901940

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

Bidder Instructions

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 total purchase price of all auctions won 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.

Please view the Terms of Sale for more information.