Judicial Mortgage Foreclosure Sales and Tax Sales are the two type of auctions conducted by the Philadelphia Sheriff Office. One Mortgage foreclosure sale is conducted every month and three tax sales are held each month: Tax Lien, Tax Collection, and Tax Delinquent.
The judicial Foreclosure sale is generally conducted the first Tuesday of each month. This auction is the conducted on behalf of mortgage companies and other financial institution seeking to collect owed to them by property owner who has defaulted on mortgage payments. It is an open public auction process that allows potential homeowners or investors to bid on properties.
The tax sales are initiated by the city of Philadelphia to collect unpaid debt of property owners who fail to make payment arrangements on municipal debt levied on a property, which may include city property taxes, outstanding water and sewer bills and school taxes. It is also an open public auction usually conducted the third week of the month.