Pennsylvania Statutes Title 68 P.S. Real and Personal Property § 1109. Sale of property

(1) Notice and an opportunity to provide comment to the court was given to each record owner of the property and each lienholder.

(2) The conservator has been in control of the building for more than three months and the owner has not successfully petitioned to terminate the conservatorship under section 10.  1

(3) The terms and conditions of the sale are acceptable to the court, and the buyer has a reasonable likelihood of maintaining the property.

(1) The court may authorize the conservator to sell the building free and clear of all liens, claims and encumbrances, provided that the proceeds of the sale are distributed pursuant to subsection (d) at settlement.

(2) In the event that the proceeds of the sale are insufficient to pay all existing liens, claims and encumbrances, the proceeds shall be distributed according to the priorities set forth in subsection (d) and all unpaid liens, claims or encumbrances which have not been assumed under section 8(d)  2 shall be extinguished.

(1) All court costs.

(2) Liens of the Commonwealth, liens for unpaid property taxes and properly recorded municipal liens.

(3) Costs and expenses of sale.

(4) Principal and interest on any borrowing or incurrence of indebtedness granted priority over existing liens and security interest under section 8(b).

(4.1) Costs incurred by the petitioner in preparing and filing the petition in accordance with the requirements of section 4.  3

(5) Costs of rehabilitation and any fees and expenses incurred by the conservator in connection with the sale or the safeguarding of the property for which the lien authorized under section (5)(g)  4 was filed.

(6) Valid liens and security interests in accordance with their priority.

(7) Any unpaid obligations of the conservator.

(8) Deleted by 2014, Oct. 22, P.L. 2557, No. 157, § 5, effective in 60 days [Dec. 22, 2014].

(9) The owner.