PA Foreclosure Filings
Does anyone know how the pa mortgage foreclosure process works, are the lis pendens filed in the county court where the property is located or does it get filed somewhere else first. Can this info be found on line or do you have to go in person. what kind of time frames must the banks follow etc. trying to find info in the early stages before the newspaper advertises the sale so i can try and work with homeowners early on. thanks for the help
thanks panicfilms for the great info,
It says it will take about 10months and possibly 100day extension until the auction with no right of redemption. that sounds pretty good
where could i easily find the notices of default to do mailings. since i live out of state driving to the court house would not be to practical.
poconos,
Preforclosure is not my forte but how about checking the local newspapers for online access. The clerk of the court can probably tell you which papers they advertise in.
Jim
thanks jim
i checked with the paper they only publish paper once a week and are not on line and the recorders office is not online either it is a very rural area i have the paper mailed to me but only gives me three weeks until the sale.
looking for some kind of service that checks the public records and sells info online, maybee i could contact a title agent who is a the court house often and pay them, wondering how other investors do it .
It is called denial.
They are expecting the money tree in their back yard to start sprouting hundred dollar bills any day, so they really don’t think they need you.
You can’t help everyone out there, as some don’t want it, nor can you stuff "your help" down their throats.
Move on to the next deal, and IF they call and you can still help, then it is up to you to decide for yourself if you really want to.
Don’t become a motivated buyer.
John (LV)
lol.....how do you really feel about this?
I am assuming he was meaning that you, as the first investor, would have signed a contract with the original mortgage holder stating you would make payments. If you then sold your interest, and that new investor stopped making payments, the sellers can sue you because you were the one the one guaranteeing to make the payments. Make sense spaz?
Also, if you are not willing to guarantee the seller you will continue to make payments after you take title, you should leave the business and not screw anyone out of their credit even worse.[ Edited by Ruman on Date 05/12/2006 ]
this thread was hijacked. I wish you all would kindly focus on the real topic; Closing Techniques for Stubborn Sellers.
My experience is that you can only help people who want to be helped.....
Move on.
Jim
Okay, posting the same thing three times does not help your case.
Thanks Panic Films. You always come through for me. I appreciate your help. Your never sarcastic just straight to the point. I appreciate that!
See my responses on your other posting about this same subject:
http://www.thecreativeinvestor.com/residential/ViewTopic54985-18.html
John (LV)
The contract you have with them is probably not legal. Meaning here in NC, you have 3 days from the time you sign, to change your mind. It sounds like that is exactly what they did.
Also, it is in your best interest to let the deal go. Find another one. That is not the only one out there. I know it is easy to fall in love with a deal, but this can come back to hurt you.
If you force them to deal with you. They can agree and you can get your money. Down the line like 6 months, they take their case to an attorney. Their attorney can prove that you took advantage of their situation. You used duress, and misfortune to swindle them out of their home.
You always want a homeowner to be happy with the deal you offer. This time is not one of those cases. You are sure to get burned if you pursue. Just keep in contact with them.
Their terms may change.
do a search here for insurance and land trust. this has been well covered
This should provide relevant info:
http://www.thecreativeinvestor.com/commercial/modules.php?name=Articles&file=article&articleid=472
[addsig]
Here you go for a start:
http://www.legis.state.ga.us/cgi-bin/gl_codes_detail.pl?code=1-1-1
http://www.leg.state.fl.us/Statutes/index.cfm?Tab=statutes&submenu=-1
John (LV)
good post.
Intense article, maybe thats why my florida client was giving me a hard time.