Finance
In Pennsylvania, mortgage foreclosure is a judicial process. This means:
AThe lender can repossess the home without a court order
BThe lender must file a lawsuit and obtain a court judgment before a foreclosure sale✓ Correct
CThe borrower must go to arbitration before the lender can file
DPREC supervises all Pennsylvania foreclosures
Explanation
Pennsylvania is a judicial foreclosure state. Lenders must file a complaint in the Court of Common Pleas, serve the borrower, and obtain a judgment before proceeding to a sheriff's sale. This process typically takes 9–18 months from first missed payment to sale.
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