Montgomery County, PA Sheriff Sale: 50 West Germantown Pike East

Due Diligence

Seller Name:	MontcoPASheriff
Rating:	Not Applicable
Location:	50 West Germantown Pike East Norriton, PA 19401

Asset was sold for $725,000

Number of Bids:	64
This is the final amount the asset was sold for. Winning Bid:	$725,000
Winner:	J***a
It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid/upset price amount. Minimum Bid/Upset Price:	$267,299
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:	No Reserve!
Status:	Sold
Auction Started:	09-25-24 01:00 PM ET
Auction Closed:	09-25-24 04:08 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:	$10,035 — See Instructions
Page Views:	1527

Ask Seller a question View Seller's Other Items

Asset Information

Deposit Requirement

A single $10,035.00 deposit (includes a $35 nonrefundable processing fee) is required to participate in the 09-25-2024 Montgomery County Sheriff sale.
Deposits must be received by Bid4Assets no later than 4:00PM ET (1:00 PT) Wednesday, September 18th
Click here to place your deposit.

Disclaimers

Montgomery County Sheriff's Office retains the right to reject any and all bids for any reason.
Montgomery County Sheriff's Office may withdraw this property from the auction at any time before or during the sale.
Montgomery 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
Parcel Number	33-00-03034-00-2, 33-00-05656-00-8 (Exempt -BD of ED, Primary)
Address	50 West Germantown Pike East Norriton, PA 19401

Other Properties
County	Montgomery
Sheriff Number	23008226
Attorney	Vaughan Baio & Partners
Debt Amount	$265,798.40
Defendant	Penn Christian Academy
Plaintiff	Citadel Federal Credit Union
Township	East Norriton Township
CourtCase	2023-10120
Address	50 West Germantown Pike East Norriton PA 19401
Property Description	33-00-03034-00-2E- Exempt Schools-parochial Primary and 33-00-05656-00-8 EXEMPT - BD OF ED, PRIMARY Mill Road All Costs: $2,471.23

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

Post-Auction Process for Third-Party Buyers

Asset Description

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 2 days of the close of auction.

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

Full payment must be received by Bid4Assets no later than 12 calendar days following the close of the auction. — No exceptions will be made. If the payment policy is not adhered to the winning bidder will forfeit their deposit to the Montgomery 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.