Pennsylvania Enacts Fast-track Foreclosure For Vacant and Abandoned Properties.
Posted By Cliff Tuttle | January 2, 2019
No. 1,599
The Governor has signed legislation that expedites the foreclosure of vacant and abandoned property, to become effective in 120 days. The statute, known as HB 653 of 2018, establishes procedures that enable a creditor to request the municipal code officer or the court to certify that a property is vacant and/or abandoned, accelerating the foreclosure process.
Here is a link to the text of the amended statute. And here is a link to an article on the new legislation appearing in DS News, a newsletter for mortgage services.
More about this later.
CLT