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Updated almost 11 years ago on .

User Stats

5
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0
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Mike Morrone
  • Cedars, PA
0
Votes |
5
Posts

Act 91 Homes in PA

Mike Morrone
  • Cedars, PA
Posted

Have any investors ever found a resource where one could locate homes in PA that have been sent the Act 91 notice? I contacted the PHFA and some county offices yet they've all told me that it is private information. I spoke to another investor who specializes in purchasing Act 91 homes but I didn't ask where he finds the info (doh). Here is some info on Act 91:

1/2/2014 January payment becomes past due.

2/2/2014 February payment becomes past due account is now due for 2 payments.

3/2/2014 March payment becomes past due account is now due for 3 payments.

3/5/2014 Lender sends the Notice of Intent to Foreclose (Act 6 Notice) to the mortgagor. If applicable, the lender will also send an Act 91 Notice to the mortgagor.

4/8/2014 Act 6 and Act 91 Notices have expired - Lender refers account to Foreclosure attorney.

5/8/2014 Foreclosure attorney begins the legal process by filing a "Complaint" at the county courthouse.

6/23/2014 Mortgagor does not respond to the complaint a "Default Judgement" is entered.

6/25/2014 Sheriff’s office schedules a "Sheriff Sale" date.

7/25/2014 Notice of "Sheriff Sale" is sent to each mortgagor on the loan.

8/25/2014 "Sheriff Sale" is held.

8/27/2014 Sheriff prepares and records a deed conveying title to the purchaser. If a third party does not purchase the property, the deed will convey title back to the lender.

8/27/2014 Eviction process begins if the mortgagor still resides in the property.

- See more at: http://www.phfa.org/consumers/homeowners/defaulttimeline.aspx#sthash.LQQh6hun.dpuf