Archive for the ‘State Foreclosure Laws’ Category

Most Common Method of Foreclosure: Power of Sale PreforeclosureNotice: Number of Notices; Two: Notice of Default (with twenty days to cure) and Notice of Sale (for residential mortgage foreclosures only). Amount of Notice Required: Twenty-one days prior to sale. Content of Notice: Earliest time of sale, and place of sale. Method of Service: By certified [...]

Most Common Method of Foreclosure: Power of Sale. Preforedosure Notice: Number of Notices: One: Notice of Sale. Amount of Notice Required: Notice to be sent to debtor by registered mail, return receipt requested, 30 days prior to publication date. If by publication, twenty days. If by posting, thirty days. Must publish three times with the [...]

Most Common Method of Foreclosure: Power of Sale. Preforedosure Notice: Number of Notices: One. Amount of Notice Required: By publication, four weeks. Written notice to be served twenty-one days prior to sale. Content of Notice: a) Names of mortgagor and mortgagee; b) date of mortgage; c) amount , due; d) description of the property; and [...]

Most Common Method of Foreclosure: Power of Sale. Preforeclosure Notice: Number of Notices: One. Amount of Notice Required: If by mail, thirty days prior to the first publication. If by publication, twenty-one days and must publish three times. Content of Notice: Date, time, and place of sale. Method of Service: By certified mail and by [...]

Most Common Method of Foreclosure: Judicial. Judicial Foreclosure Procedure: Action commenced by filing a complaint in Court of Common Pleas. Must serve the owner as well as the occupant of the property. Preforedosure Notice: Number of Notices: Two: 1} Notice of right to apply to Pennsylvania Housing Finance Agency for Assistance. 2) Notice of Intention [...]

Most Common Method of Foreclosure: Power of Sale for deeds of trust. Preforeclosure Notice: Number of Notices: Two: Notice of Default and Notice of Sale. Notice of Default must be recorded. Amount of Notice Required: For Notice of Sale, 120 days prior to sale. For publication, once per week for four consecutive weeks with the [...]

Most Common Method of Foreclosure: Judicial. Foreclosure by Power of Sale Permitted?: Yes, but may not be used against a homestead, if the homeowner chooses to require judicial foreclosure, nor may it be used to foreclose a lien for an extension of credit primarily for agricultural purposes. Judgment is required. Judicial Foreclosure Procedure: “One action” [...]