The York County Tax Claim Bureau will conduct the annual Judicial Tax Sale this Thursday, June 4, 2015. This sale is distinguishable from the “Tax Upset Sale” because properties at this sale are sold “free and clear” of mortgages and other encumbrances. The sale is conducted to ensure payment of municipal and school taxes. If your property is on this list and you do nothing, you will likely lose your property.
If your property is on the sale list, you may be interested in learning how the “Automatic Stay” under the Bankruptcy Code will stop the sale. In addition to stopping the dale, Chapter 13 of the Bankruptcy Code allows individual property owners the opportunity to pay back their delinquent real estate taxes (as well as any mortgage arrears) over a payment period lasting as long as five years. Other remedies are available for business organizations (such as corporations and LLCs). If you do not have the funds to pay back the real estate taxes before the Judicial Sale, relief under the Bankruptcy Code may be the only remedy to prevent sale of a property. If you are considering purchasing a property at the Judicial Tax Sale, you should first consult legal counsel before bidding on any property.