Pennsylvania's instructions for Precise and Writ for Mortgage Foreclosure are procedural documents that are used in the process of foreclosing on a mortgage. The precise is the first document filed in the process, and it requests that the court issue a writ of foreclosure. The writ is the actual court order that initiates the foreclosure process. The precise is a document that is filed with the court by the lender or its representative. It contains the details surrounding the mortgage loan, including the name of the lender, the name of the borrower, the amount of the loan, and the name of the court where the foreclosure will be heard. It also contains the title of the property that is being foreclosed upon. The writ of foreclosure is issued by the court after the precise has been filed. It orders the borrower to appear before the court on a certain date and time to defend the foreclosure action. The writ also orders the borrower to pay the mortgage debt or risk losing the property to foreclosure. There are two types of Pennsylvania's instructions for Precise and Writ for Mortgage Foreclosure. The first type, known as a “non-judicial foreclosure,” is a court-supervised process that is typically used in commercial foreclosures. The second type, known as a “judicial foreclosure,” is a more lengthy process that is used for residential foreclosures.
Pennsylvania instructions for Praecipe and Writ for Mortgage Foreclosure
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