FAQS

WHAT IS ACT 135?

The Abandoned and Blighted Property Conservatorship Act (Act 135) is a state law that provides a mechanism for communities to address neglected properties.

A conservator is appointed by the court to take control of a blighted and abandoned property to make repairs necessary to return the property to productive use. The conservator is responsible for rehabilitating and selling the property.

WHAT IS CONSIDERED IN ACCEPTING AN OFFER?

Since the purpose of the Act is to reduce blight, the buyer must establish the financial means to not only purchase the property, but to complete the necessary renovations as well.

WHAT IS THE TIMELINE FOR BUYING AN ACT 135 PROPERTY?

Once the conservator accepts an Agreement, they schedule a final hearing to obtain court approval to proceed with the sale. Buyer will have to sign an additional addendum regarding terms of Conservatorship once AOS is approved.

IS TITLE FREE AND CLEAR?

Yes. The buyer receives clear title with a fee simple deed with no restrictions.

WHEN WILL I KNOW IF MY OFFER IS ACCEPTED?

Once the seller signs an Agreement, it will be delivered to the winning bid. If there were multiple offers, a formal rejection of offers will be sent—you will hear from us once a decision is made.

Available now

Storefront + apartment on bustling Tacony corridor

6807 Torresdale Ave

FOR AGENTS

PREPARING AN OFFER

In order to strengthen your offer and expedite court approval please submit along with your offer the following information as it applies:

  1. Proof of funds/financing
    Name on documents must match buyer name and/or provide evidence that the individual is an authorized member of the entity
  2. The following term on the AOS:
  3. “The property is being conveyed by the conservator and is subject to court approval before any agreement is final.”
  4. Please leave response date blank (or allow at least 5 business days)
  5. Plans and timeframe for what buyer intends to do with the property (rehab, tear down and build new, etc.)
  6. Website for the company/developer
  7. Previous projects in the vicinity and within last 24 months

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