Posted: | June 27, 2023 06:16 PM |
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From: | Senator Greg Rothman |
To: | All Senate members |
Subject: | Modernizing the Sale of Foreclosure Properties |
I plan to introduce legislation to modernize and improve the process for conducting the sale of foreclosures in Pennsylvania by authorizing Private Selling Officers (PSOs) to conduct the sale of foreclosure properties. Other states that have adopted the PSO model experience:
Other safeguards include requiring PSOs to be licensed as both a real estate agent and auctioneer within the state, limiting the amount and types of fees that can be charged by a PSO, and clearly outlining the process for conducting a foreclosure sale either in person or online. Please join me in cosponsoring this important legislation, which will modernize the sale of foreclosure properties and return homes to owner occupants. |