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 Home  »  USA  »  Pennsylvania  » PA Foreclosure Help

PA Foreclosure Help

PA Foreclosure Help is given by the counseling agencies that are increasing to manifolds in number. The Pennsylvania Housing Finance Agency (PHFA) is also working on the same lines of giving foreclosure help and because of this it has started the Foreclosure Mitigation Counseling Initiative. Here the homeowners who are facing foreclosure in PA are helped and given full assistance. There are twenty-eight counseling agencies that participate for the common cause of providing foreclosure help in Pennsylvania. It will give mortgage foreclosure assistance to the homeowners who a staying in the same house and lagging behind in making the payment. Along with this counseling is provided free of cost where present financial condition of homeowner along with the evaluation of the property is done. So you can consult the Foreclosure Mitigation Counseling Initiative in Pennsylvania whenever facing the problem of foreclosure for the help.

Pennsylvania Foreclosure Prevention

There also exist other foreclosure prevention programs such as:
  • Homeowner's Emergency Mortgage Assistance Program (HEMAP)
  • Homeowner's Equity Recovery Loan Program (HERO)
  • Refinance to Affordable Loan Program (REAL)
Information on these is also given by the Foreclosure Mitigation Counseling Initiative. Besides this talking to your lender should be the first step to be done. Mortgage lender can restructure your Home Mortgage Loan , partial claims, go for the deed-in lieu or for the short sale.

PA Foreclosure Assistance

To stop foreclosure in PA you can also consult the attorneys and law firms that have experience in handling these types of cases. For hiring the foreclosure attorney it is better to get background picture of the experts and types of cases been handled. Then there are many counseling agencies approved by HUD which are working in Pennsylvania. You can also check the official website of HUD for the list of approved counseling agencies for their addresses, phone numbers and counseling services.

Foreclosure Process in Pennsylvania

Furthermore for understanding the foreclosure process it is very important to check the Pennsylvania foreclosure laws. Now according to that the foreclosure can take place only by judicial process and that too without the rights of redemption and deficiency judgment.

Mortgage is used for the security instrument. Before any foreclosure proceeding in PA the notice is served to the borrower stating the beginning of foreclosure process. This is called the notice of intent and this is sent to the borrower only if he/she is lagging behind the payment for 60 days. Here defaulter is given the period of 30 days within which he/she can make the payment. But if the payment is not made then the lender file a suit and obtain order to foreclose the property.

According to the foreclosure law in Pennsylvania if court favors the lender then the orders for Sheriff's sale are passed. The procedure for the same is also laid down by the court. Here the defaulter can make the payment even one hour before the Sheriff's sale to stop the foreclosure and can get back his/her home.

Realestatezing.com has also listed websites that will give information on Pennsylvania foreclosure Law and PA foreclosure help.
 
Foreclosures.com
Foreclosures.com has given the summary of foreclosure laws in PA. The contact number for the Attorney General's Office has also been given for you to get more info on the same.
Website: http://www.foreclosures.com/www/pages/state_laws2.asp?state=pa
 
PHFA
It is the official website of the Pennsylvania Housing and Finance Agency (PHFA ) that gives foreclosure help through its Foreclosure Mitigation Counseling Initiative. From this you can get assistance if facing foreclosure. Its counseling agencies provide many prevention programs after going through your condition and state of foreclosure.
Website: http://www.phfa.org/consumers/homeowners/fm_counseling.aspx
 
William B. Sanderson, JR.
William B. Sanderson, JR. is an honored bankruptcy attorney in Philadelphia, PA. Advice on financial problem, stopping foreclosure etc is also given.
Website: http://www.philabankruptcy.com/PracticeAreas.shtml


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