The Pennsylvania transfer tax statute exempts the lender from the tax if it is the successful bidder at the sale and the grantee on the sheriff's deed
. (That is, a tax will be imposed if the lender's successful bid is assigned to an affiliate or a third party.) However, the transfer tax imposed by the city of Philadelphia is still due even if the lender acquires the property, unless the lender was the seller of the property that provided financing to the purchaser.
, Sheriff of Christian County to First National Bank, Pana; defendants, Michael Handy, Brently Reynolds (sic), Bruce Reynolds, Bryan Reynolds, Philip Bradley Reynolds; Shirley M.
Seller, Gallatin County Sheriff; buyer, Federal Home Loan Mortgage Corp.; Sheriff's Deed
; PT NW SE Sec 2 T8SR9E.
, Sheriff of Christian County to JPMorgan Chase Bank; defendants, Jessica Rene Webb, Jessica Rene Webster, Roland Webb, W 95 ft.