Philadelphia County, PA Sheriff Sale: 1117 WALLACE STREET

Due Diligence

Seller Name:	PhilaForeclosures
Rating:	Not Applicable
Location:	1117 WALLACE STREET PHILADELPHIA, PA 19123

Final Bid:	$390,000
Number of Bids:	5
It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:	$33,800
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:	Sold to Plaintiff
Auction Started:	04-01-25 10:00 AM ET
Auction Closed:	04-01-25 01:00 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
Page Views:	182

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 04-01-2025 Philadelphia County Sheriff sale.
Deposits must be received by Bid4Assets no later than 4:00PM ET (1:00 PT) Tuesday, March 25th
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	141295600
Address	1117 WALLACE STREET PHILADELPHIA, PA 19123

Other Properties
County	Philadelphia
Sheriff Number	25002772
Attorney	BERGER LAW GROUP, P.C.
Debt Amount	$408,975.00
Plaintiff	1117-1125 WALLACE STREET LLC, SUCCESSOR BY ASSIGNMENT TO PARKE BANK
Book/Writ	2504-373
Address	1117 WALLACE STREET PHILADELPHIA PA 19123
Sale Type	MORTGAGE FORECLOSURE
Property Description	1117 WALLACE STREET PHILADELPHIA PA 19123 Property Data for OPA #141295600 Ward: 14TH Sale Type: MORTGAGE FORECLOSURE Court Case #: 240902190

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.