Legal Question in Real Estate Law in Pennsylvania

Title Search

I have been advised that a lienholder/mortgage company has 45 days to remove themselves from your property title as lien once the loan has been satisifed. I need to know what this law is exactly pertaining to this. I need to enforce this law.


Asked on 1/06/03, 11:43 am

1 Answer from Attorneys
Gerald Hershenson Law Office of Gerald M. Hershenson

Re: Title Search

Under the Pennsylvania Statutes you must make a formal demand of the lender to satisfy the mortgage obligation. If after the time has expired and there has been a neglect to satify, you may bring a legal cause of action to force satisfaction and recover attorneys fees and penalities. I suggest you consult legal counsel. If I can be of any assistence let me know. In most case a formal demand from a lawyer will get results. There may be a reasonable excuse for the delay. For a small fee I would be happy to assist you in making the demand. If I can be of any assistence please call. Gerald Hershenson 215-579-9390

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Answered on 1/06/03, 11:55 am


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