40 FOREST MANOR ROAD
Sheriff sale Chester County sheriff sales on Bid4Assets · checked Aug 28, 2026
Sale dateNov 19, 2026Case #26-11-175 / 2026-01656-SSHPlaintiffTRUIST BANKDefendantBAILEY, JOHN M.AttorneyROCHKIND, ERIC BJudgment$69,578Sourcecounty listing ↗
AVM value$323,000
RealEstateAPI estimate, Aug 21, 2026 — not an appraisal
Judgment$69,578
county filing
Opening bid / upset—
not published yet — most counties post near/on sale day
Title positionJR Junior lien
model from REAPI mortgage records — not a title search · ~$147,178 senior debt may survive
Rehab (modeled)$39,000
model: medium tier · $35/sqft × 1,120 sqft — no inspection; range $27,000–$55,000
Potential profit$41,404
model — breakdown below
Title position (model): Foreclosing lien appears junior (Truist Bank); ~$147,178 of senior mortgage debt (original amounts) likely survives the sale. Inputs: the open-mortgage records shown below.
How the profit estimate is computed methodology
| Line | Source | Amount |
|---|---|---|
| AVM value | RealEstateAPI, fetched Aug 21, 2026 | $323,000 |
| Purchase basis (judgment) | county filing — actual price is set by bidding and can exceed this | − $69,578 |
| Rehab (medium tier) | model: $35/sqft × 1,120 sqft, no inspection | − $39,000 |
| Selling & holding | model: 8% of AVM value | − $25,840 |
| Senior debt that may survive | title model (original amounts, not payoffs) | − $147,178 |
| Potential profit | screening estimate — not underwriting | $41,404 |
Valuation RealEstateAPI · Aug 21, 2026
AVM value (estimate)$323,000Est. open loans$147,178Owner equity$135,215Assessed value$110,190County market value$110,750Annual taxes$4,860
Property RealEstateAPI (county assessor data)
TypeSingle Family ResidenceBeds3Baths2Living area1,120 sqftLot57,628 sqftYear built1980
Ownership RealEstateAPI (deed/assessor records)
OwnerJohn BaileyOwner occupiedYesVacantNoYears owned17.3Last saleMay 5, 2009 · $0Distress flagsNone reported
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 | Jul 16, 2020 | Freedom Mortgage Corp | $147,178 | Fha |
| Second | Feb 19, 2021 | Truist Bank | $65,000 | Open End Mortgage / Open End With Future Advance Clause |
Mortgage history RealEstateAPI recorded-mortgage data
| Date | Lender | Amount | Type |
|---|---|---|---|
| Feb 19, 2021 | Truist Bank | $65,000 | Open End Mortgage / Open End With Future Advance Clause |
| Jul 16, 2020 | Freedom Mortgage Corp | $147,178 | Fha |
| Dec 3, 2012 | American Mortgage Network, Inc., Dba Amnet Mortgage | $141,500 | — |
Sale history RealEstateAPI deed records
| Date | Amount | Buyer | Seller |
|---|---|---|---|
| May 5, 2009 | $0 | Rachel Bearden | Richard Bearden, Rachel Bearden |
| Jul 27, 2005 | $0 | Richard Bearden, Rachel Bearden | Richard Bearden, Rachel Bearden |
| Dec 3, 1999 | $119,900 | Richard Beardan, Rachel Conlin | Thomas Decenzi, Margaret Decenzi |