1200 SCHOFFERS ROAD
Sheriff sale Berks County Sheriff sale portal · checked Oct 27, 2026
Sale dateDec 11, 2026Case #25-04682PlaintiffUS BANK TRUST COMPANY NATIONAL ASSOCIATION AS TRUSTEE AS SUCCESSOR-IN-INTEREST TO US BANK NATIONAL ASSOCIATION NOT IN ITS INDIVIDUAL CAPACITY BUT SOLELY AS INDENTURE TRUSTEE FOR THE HOLDERS OF THE CIMDefendantGENE WISE A/K/A GENE M WISEAttorneyFRIEDMAN VARTOLO LLP · 2124715100Judgment$267,563Opening bid$1Parcel43533508990816Sourcecounty listing ↗
AVM value$662,000
RealEstateAPI estimate, Sep 23, 2026 — not an appraisal
Judgment$267,563
county filing
Opening bid / upset$1
Bid4Assets (cost-only starting bid) — costs-only start; plaintiff can credit-bid to judgment
Title position1st? Likely senior · low confidence
model from REAPI mortgage records — not a title search
Rehab (modeled)$96,000
model: medium tier · $35/sqft × 2,732 sqft — no inspection; range $67,000–$134,000
Potential profit$245,477
model — breakdown below
Title position (model): Foreclosing lien appears to be the senior mortgage (Paragon Home Lending Llc, 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.
Confidence basis: judgment amount aligns with the senior loan, but the plaintiff name doesn't match any lender.
Inputs: the open-mortgage records shown below.
How the profit estimate is computed methodology
| Line | Source | Amount |
|---|---|---|
| AVM value | RealEstateAPI, fetched Sep 23, 2026 | $662,000 |
| Purchase basis (judgment) | county filing — actual price is set by bidding and can exceed this | − $267,563 |
| Rehab (medium tier) | model: $35/sqft × 2,732 sqft, no inspection | − $96,000 |
| Selling & holding | model: 8% of AVM value | − $52,960 |
| Potential profit | screening estimate — not underwriting | $245,477 |
Valuation RealEstateAPI · Sep 23, 2026
AVM value (estimate)$662,000Est. open loans$300,000Owner equity$439,202Assessed value$170,800County market value$170,800Annual taxes$2,519
Property RealEstateAPI (county assessor data)
TypeSingle Family ResidenceBeds4Baths3Living area2,732 sqftLot34,848 sqftYear built1964ConditionGood
Ownership RealEstateAPI (deed/assessor records)
OwnerGene Wise & Carol WiseOwner occupiedYesVacantNoDistress 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 | Jan 27, 2005 | Paragon Home Lending Llc | $300,000 | Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.) |
| Second | Oct 11, 2019 | United States Small Business Admin | $84,800 | Sba Participation Trust Deed |
Mortgage history RealEstateAPI recorded-mortgage data
| Date | Lender | Amount | Type |
|---|---|---|---|
| Oct 11, 2019 | United States Small Business Admin | $84,800 | Sba Participation Trust Deed |
| Jan 27, 2005 | Paragon Home Lending Llc | $300,000 | Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.) |