268 EAST PENN AVENUE
Sheriff sale Berks County Sheriff sale portal · checked Aug 28, 2026
Sale dateSep 11, 2026Case #24-15424PlaintiffFREEDOM MORTGAGE CORPORATIONDefendantGOERNER JR., THOMASAttorneyBROCK & SCOTT PLLCJudgment$112,367Opening bid$2,156Parcel90436611761886Sourcecounty listing ↗
AVM value$275,000
RealEstateAPI estimate, Aug 21, 2026 — not an appraisal
Judgment$112,367
county filing
Opening bid / upset$2,156
Bid4Assets (cost-only starting bid) — costs-only start; plaintiff can credit-bid to judgment
Title position1st? Likely senior
model from REAPI mortgage records — not a title search
Rehab (modeled)$72,000
model: heavy tier · $55/sqft × 1,305 sqft — no inspection; range $50,000–$101,000
Potential profit$68,633
model — breakdown below
Title position (model): Foreclosing lien appears to be the senior mortgage (Home Point Financial Corporation, recorded First) (matched by judgment-to-loan amount only — plaintiff name doesn't match, likely an assignment). Junior liens are typically divested; taxes/municipal claims can still prime. Inputs: the open-mortgage records shown below.
How the profit estimate is computed methodology
| Line | Source | Amount |
|---|---|---|
| AVM value | RealEstateAPI, fetched Aug 21, 2026 | $275,000 |
| Purchase basis (judgment) | county filing — actual price is set by bidding and can exceed this | − $112,367 |
| Rehab (heavy tier) | model: $55/sqft × 1,305 sqft, no inspection | − $72,000 |
| Selling & holding | model: 8% of AVM value | − $22,000 |
| Potential profit | screening estimate — not underwriting | $68,633 |
Valuation RealEstateAPI · Aug 21, 2026
AVM value (estimate)$275,000Est. open loans$103,030Owner equity$159,634Assessed value$60,800County market value$60,800Annual taxes$1,018
Property RealEstateAPI (county assessor data)
TypeSingle Family ResidenceBeds3Baths1Living area1,305 sqftLot3,485 sqftYear built1920ConditionFair
Ownership RealEstateAPI (deed/assessor records)
OwnerThomas Goerner JrOwner occupiedYesVacantNoYears owned7.5Last saleFeb 13, 2019 · $102,000Distress flagspreForeclosure
Flags come from RealEstateAPI's nationwide database and can miss county-level (Prothonotary) filings — treat "none" as "none reported", not clear title.
Open mortgages RealEstateAPI recorded-mortgage data — original amounts, not payoff balances
| Position | Date | Lender | Original amount | Type |
|---|---|---|---|---|
| First | Feb 13, 2019 | Home Point Financial Corporation | $103,030 | Conventional |
| Second | Jun 4, 2022 | United States Of America | $30,253 | Stand Alone Second / Subordinate Position |
Mortgage history RealEstateAPI recorded-mortgage data
| Date | Lender | Amount | Type |
|---|---|---|---|
| Jun 4, 2022 | United States Of America | $30,253 | Stand Alone Second / Subordinate Position |
| Feb 13, 2019 | Home Point Financial Corporation | $103,030 | Conventional |
| Feb 12, 2021 | Mortgage Electronic Registration Systems Inc As Mortgagee As Nominee For Home Point Financial Corporation Its Successors And Assigns | $103,030 | — |
| Nov 19, 2010 | First Mutual Corp | $80,750 | Conventional |
| Apr 28, 2008 | Sovereign Bank | $15,000 | Credit Line (Revolving) / HELOC |
Sale history RealEstateAPI deed records
| Date | Amount | Buyer | Seller |
|---|---|---|---|
| Feb 13, 2019 | $102,000 | Thomas M Goerner Jr | Phyllis A Zimmerman, Phyllis A Goerner |
| Nov 20, 2002 | $70,000 | Phyllis A Goerner | Betty J Burkholder, Estate Of Ethel M Wartluft |