Legal Question in Real Estate Law in Pennsylvania

Re: Foreclosure

The time frame is difficult to predict. As a general guide you can delay the foreclosure. If the lender sends out a thirty day notice of intent to foreclose please contact one of the agencies listed on the notice. That will stop the action. I anticipated that most lenders will wait two to three months before foreclosure action is taken. The actual foreclosure will take about six to nine months until the sale. There are many actions that can be taken to delay the action or work out an reinstatement. If there is equity in the property I suggest you consult with legal counsel. You should sell the property or work out an agreement with the bank to restructure your mortgage obligation. If I can be of any assistence please call. Gerald Hershenson 215-579-9390