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Mike Martin
Northwood Realty Services
9840 Old Perry Highway
Wexford, PA, 15090
Office: 412-367-3200
Cell: 412-215-5814
mmartin@northwood.com
www.Northwood.com
foreclosure types | Print |

What types of foreclosure are there in thePittsburgh area?

Judicial foreclosure action is a proceeding in which a mortgagee, a trustee or another lienholder on Pittsburgh property requests a court-supervised sale of the property to cover the unpaid balance of a delinquent debt.
Nonjudicial foreclosure is the process of selling real property under a power of sale in a mortgage or deed of trust that is in default. In such a foreclosure, however, the lender is unable to obtain a deficiency judgment, which makes some title insurance companies reluctant to issue a policy.

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