sharon23md
New Member
I'm confused as to how a sheriff sale works. There is an amount under the debt column and a lesser amount below it ($838,000 and $2,000). I know that the $2,000 is the hand money (it says so), but what exactly are you bidding on? What is owed on the mortgage? or taxes? Or is it like an auction where the bidding starts at a particular price? I've talked to a few realtors and they have no idea. I don't want to get in over my head just because I have the $2,000 to acquire it and end up with a mortgage I can't afford.
Sharon, PA
Sharon, PA
