Affidavit for Foreclosure Sale of Property (Rule 3129.1 Affidavit) (Pennsylvania)

The Affidavit for Foreclosure Sale of Property (Rule 3129.1 Affidavit) is a legal template applicable in the state of Pennsylvania under USA law. This document is specifically designed to be used in foreclosure proceedings, where a lender initiates legal action to enforce their right to take possession of a property as a result of defaulting mortgage payments.

In accordance with Rule 3129.1 of the Pennsylvania Rules of Civil Procedure, this affidavit serves as a sworn statement submitted by the lender or its representative. The affidavit is typically completed by an individual with knowledge of the foreclosure process, such as a loan officer or an attorney, who can attest to the accuracy of the information provided.

The purpose of this affidavit is to fulfil certain disclosure requirements and provide a detailed account of the foreclosure process. It typically includes information regarding the borrower's default, the amount owed, the efforts made by the lender to resolve the default, and the details of any prior legal actions or foreclosure notices served on the borrower. The affidavit may also contain relevant documents, such as the mortgage agreement, payment history, and any correspondence exchanged between the lender and the borrower.

By submitting this document to the court, the lender seeks to provide evidence of its compliance with the applicable legal procedures and guidelines. Additionally, the affidavit helps establish a clear record of the foreclosure sale process, which may be useful in resolving any potential disputes or challenges that may arise during the proceedings.

It is important to note that this legal template serves as a starting point and should be customized to meet the specific requirements of each foreclosure case. As laws and regulations may vary between jurisdictions, it is advisable to consult with a qualified attorney or legal professional familiar with Pennsylvania foreclosure laws to ensure compliance and accuracy in completing this affidavit.