Pennsylvania Instructions for Sheriff Sale (778.4 KiB) is a guide that outlines the procedures and requirements for initiating and completing a sheriff sale in the state of Pennsylvania. It covers topics such as sheriff sale notices, advertisement requirements, sheriff sale procedures, redemption rights, and decoration information. The guide is divided into two main sections: Sheriff Sale Notices and Sheriff Sale Procedures. Sheriff Sale Notices: This section outlines the minimum requirements for issuing a sheriff sale notice in Pennsylvania. It includes information on who is responsible for issuing the notice, when the notice must be issued, how it must be published, and how to provide notice to the defendant. Sheriff Sale Procedures: This section outlines the procedures for conducting a sheriff sale in Pennsylvania. It includes information on setting the minimum bid, executing the sale, and disbursing the proceeds. It also includes information on redemption rights and decoration information. The two main types of Pennsylvania Instructions for Sheriff Sale (778.4 KiB) are Sheriff Sale Notices and Sheriff Sale Procedures.
Pennsylvania instructions for Sheriff Sale (778.4 KiB)
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FAQ
The Sheriff's sale is an auction of the mortgaged premises pursuant to a judgement and Writ of Execution. Execution is commenced by the plaintiff (usually the mortgage holder) in a civil action by filing a Praecipe for Writ of Execution with the Prothonotary.
What Happens to my Home and Finances After a Sheriff's Sale? If you are unable to halt the foreclosure or tax sale process, your home and other property will be sold to satisfy all or part of the debts you owe. In Philadelphia County, Judicial Foreclosure Sale is held on the first Tuesday of each month.
Write the occupant a letter instructing him/her that you are now owner of the property and that he/she has thirty days to vacate the property.
Homeowners have 9 months from the sale of their property to file for redemption. By paying all due taxes, fees, expenses and repaying the auction price and interest, homeowners have the right to get their home back. This only applies if the property was being used as a residence within 90 days of the sale.
In general, a foreclosure auction is held when the property is being sold directly by a bank or other lender who has seized property for non-payment, while a sheriff's sale is part of a court-ordered process to satisfy legal judgments against the former owner of the property.
What Happens to my Home and Finances After a Sheriff's Sale? If you are unable to halt the foreclosure or tax sale process, your home and other property will be sold to satisfy all or part of the debts you owe. In Philadelphia County, Judicial Foreclosure Sale is held on the first Tuesday of each month.