Information on buying a property from a sheriff's sale and claiming excess sheriff sale funds. Save your home from mortgage and tax foreclosure.In this 8-step guide, we'll explain how to buy foreclosed homes in Pennsylvania and help you decide if buying a foreclosed home is right for you. Foreclosure is a complicated multistep process that allows mortgage lenders to repossess homes from homeowners who have missed payments on their mortgage loan. Repossession and foreclosure are both processes that a creditor uses to reclaim property you put up as collateral for a loan, the procedures are different. Foreclosures can be bought with no money if you accept and assume the seller's mortgage, avoiding a foreclosure process that would otherwise occur. If you stop making the loan payments for a manufactured home, the lender can get ownership of the home through either repossession or foreclosure. NOTE: If an out-of-state title is attached to this application, a tracing of the Vehicle's Identification. Number must be affixed in the space provided. Looking For Investment Properties?