Here is a summary of foreclosure laws and rules for the State of Pennsylvania:
Lenders have recourse rights in Pennsylvania.
In Pennsylvania lenders primarily use mortgages and foreclose judicially.
Pennsylvania homeowners can apply for a Homeowner’s Emergency Mortgage Assistance Loan.
Applying for the loan adds 60 days to the foreclosure process.
There is no right of redemption after sale.
The lender can sue for deficiency within six months after the foreclosure.
Much more information is available throughout this website, but for definitive advice speak to a local foreclosure or bankruptcy attorney.
If you are interested in reading the actual statutes relevant to mortgage and foreclosure in pennsylvania those laws are available online.
Learn more about what the above procedures and rules mean. Review the homeowner foreclosure guide on this website.
This website is based on Foreclosed Dreams--A Guide for Distressed Homeowners written by the author of this site. You can buy Foreclosed Dreams here. |