Philadelphia, PA asked in Foreclosure and Real Estate Law for Pennsylvania

Q: In PA, if a home is sold at auction that had a reverse mortgage previously, will the new owner get a clear title?

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1 Lawyer Answer
W. J. Winterstein Jr.
W. J. Winterstein Jr.
PREMIUM
Answered
  • Foreclosure Defense Lawyer
  • Boyertown, PA
  • Licensed in Pennsylvania

A: If your auction was a sheriff's sale pursuant to a foreclosure judgment, the successful bidder at the sheriff's sale gets title free and clear of the mortgage debt that was the basis for the foreclosure, and all liens and charges that are junior to the foreclosed lien indebtedness. Most probably, that would include the "reverse mortgage". The priority of mortgages is determined by the date the Mortgage was recorded, with the earliest mortgage enjoying the highest priority.

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