Pennsylvania Foreclosure Laws
ATTORNEY GENERAL’S OFFICE
TYPES OF FORECLOSURE:
Judicial foreclosure is the only remedy for a lender in Pennsylvania. The foreclosure law favors helping the borrower by having the foreclosure delayed while the borrower goes through a series of meetings and restructuring plans. This process may delay the foreclosure up to four months.
Deficiency: Although the lender has the right to obtain a deficiency judgment, the borrower will be credited with the full value of the property against the debt owed the lender.
Redemption: No right of redemption in the state of Pennsylvania.