Finance
In Pennsylvania's judicial foreclosure process, approximately how long does the process typically take from initial default to sheriff's sale?
A30 to 60 days
B3 to 6 months
C9 to 18 months or longer✓ Correct
D3 to 5 years
Explanation
Pennsylvania is a judicial foreclosure state, meaning the lender must file a lawsuit and obtain a court judgment before foreclosing. The process typically takes 9 to 18 months or longer from initial default to sheriff's sale, due to mandatory notice requirements, court filing timelines, and potential homeowner defenses. Pennsylvania's Act 91 also requires lenders to send a Notice of Intention to Foreclose 30 days before filing suit, further extending the process.
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