A Pennsylvania Writ of Execution Mortgage Foreclosure is a legal proceeding in which a mortgage lender takes possession of a mortgaged property in order to satisfy a debt that was not paid. This type of foreclosure occurs when a borrower fails to make payments on their mortgage loan for a certain amount of time, and the lender obtains a court order to repossess the property. There are two types of Pennsylvania Writ of Execution Mortgage Foreclosure: Judicial Foreclosure and Non-Judicial Foreclosure. In Judicial Foreclosure, the lender files a lawsuit in state court to obtain the court order, while in Non-Judicial Foreclosure, the lender may bypass the court system and proceed directly to repossessing the property. Both types of foreclosure require the borrower to vacate the property upon foreclosure.
A Pennsylvania Writ of Execution Mortgage Foreclosure is a legal proceeding in which a mortgage lender takes possession of a mortgaged property in order to satisfy a debt that was not paid. This type of foreclosure occurs when a borrower fails to make payments on their mortgage loan for a certain amount of time, and the lender obtains a court order to repossess the property. There are two types of Pennsylvania Writ of Execution Mortgage Foreclosure: Judicial Foreclosure and Non-Judicial Foreclosure. In Judicial Foreclosure, the lender files a lawsuit in state court to obtain the court order, while in Non-Judicial Foreclosure, the lender may bypass the court system and proceed directly to repossessing the property. Both types of foreclosure require the borrower to vacate the property upon foreclosure.