Pennsylvania Foreclosures and Foreclosed Homes for Sale

Lenders must go through the courts in order to foreclose on a real estate in Pennsylvania. The process is lengthy, lasting nearly one year, including the pre-foreclosure period. Before the Pennsylvania foreclosure process can officially begin, the borrower must be no less than 60 days behind in payments. The lender will send a letter of warning to the borrower, giving them a specified period of time, usually around two months, in order to pay the default amount in full.

If the borrower fails to correct the situation, the lender can then file a lawsuit in court. The court will review all presented documents to determine whether the borrower is in default. If the court rules in favor of the lender, the borrower will have one month to pay the entire amount, or a public sale will be scheduled to recover the default.

The county sheriff will then post a notice of sale on the property, as well as publish the notice in two local newspapers. According to Pennsylvania law, one of the newspapers must be a legal one; the other may be a general interest paper. The notice must run once a week for three consecutive weeks, and list information pertinent to the auction, including a property description, and the terms of sale.

On the day of the auction, the county sheriff will preside over the sale. The property goes to the highest bidder, who will receive ownership as soon as the sheriff fills out the necessary forms. The court does not need to confirm the sale, and the previous owner does not have any redemption rights after ownership has been transferred.

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