Legal Question in Credit and Debt Law in Pennsylvania

Sheriff Sale balance

Can you send me info on whether or not a borrower is obligated to pay the remaining balance on a sheriff sale? I have been told after six months it is forgiven.


Asked on 11/14/06, 5:27 pm

1 Answer from Attorneys
Gerald Hershenson Law Office of Gerald M. Hershenson

Re: Sheriff Sale balance

You are not obligated to pay the balance unless there is a deficiency that is determined by a Court. The party foreclosing has six months after the sherrif sale to bring a deficiency action. You will be given notice and have an opportunity to defend. After six months the deficiency action is barred. Gerald Hershenson Esq.

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Answered on 11/15/06, 8:24 am


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