Property Ownership
Pennsylvania's 'Real Estate Tax Sale' process has two stages. The first stage is called an 'upset sale' because:
AProperty owners are upset about losing their property
BThe minimum bid equals the upset price (delinquent taxes plus costs) — the amount needed to 'upset' or satisfy the tax claim✓ Correct
CThe property condition is typically in upset condition
DPREC supervises the upset of the normal sale process
Explanation
An upset sale is the first stage of Pennsylvania's tax sale process. The minimum bid is the 'upset price' — the total amount of delinquent taxes, penalties, interest, and costs. If no one bids the upset price, the property moves to a 'judicial sale' (repository sale) with a lower starting bid.
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