Philly Foreclosures Of Owner Occupied Homes Postponed Again Until At Least September

In Philadelphia, Pennsylvania, The Court of Common Pleas for Philadelphia County has ordered (May 15, 2008) that the sheriff's sale of all owner occupied homes (as opposed to non- owner occupied homes) in foreclosure originally scheduled to be sold in June and July have been postponed until the Sheriff Sales scheduled for September and October, respectively, in order that the Conciliation Conference required pursuant to President Judge General Court Regulation No. 2008-01 can be held. The cancellations are made as part of the recently passed Residential Mortgage Foreclosure Diversion Pilot Program.

In the event foreclosing mortgage lenders certify that a home in foreclosure is not owner occupied (which would thereby allow a scheduled home foreclosure sale to continue) when in fact the home is owner occupied, a certification/objection procedure is provided and contained in Exhibit C of the court order for owner-occupying homeowners to use to file with the court their objections to their mortgage lenders' certifications.

Homeowner objections are to be filed on or before May 29, 2008 for the properties listed for sale on June 3, 2008 and on or before June 23, 2008 for the properties listed for sale July 1, 2008.

Go here to read the entire May 15, 2008 court order for more information.

Go here for other posts on the Philadelphia foreclosure diversion program.

Thanks to attorney Donald Marritz of Regional Housing Legal Services in Pennsylvania for the heads up on the most recent court order. diversion program