What is the statute of limitations for an "in rem" judgement filed in the state of Pennsylvania?

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In short, a house I owned in 2007 went into foreclosure, there was ultimately a sheriff's sale, and an In Rem judgment was filed in 2009. The sheriff's sale left a deficit of about $40,000 owed. The way I understand "in rem" is that I wouldn't be liable for the difference between the sale price from the auction and the mortgage owed and that the bank just accepts the proceeds of the sheriff's sale. From my own research I have also read that a 1009-c could possibly have been sent by the bank but I had moved out of state and have no way of knowing if it was ever sent to the prior address. I do not have any of the original paperwork connected to this matter. Twelve years later I am in a much better situation but I am having questions about my ability to purchase a home again because of this judgment. Could the original creditor ever pursue a lien against a new purchase (in a different state), and should I have ever received this 1099-c? I would hate to also find I have tax consequences with the IRS.

Attorney Answer

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Robert Carey ·
Dear Upper Darby (formerly), Generally speaking, the In Rem judgment is satisfied at the Sheriff Sale (actually after all of the monies are paid and the Sheriff Deed is issued), and the lender only has 6 months to pursue a deficiency judgment. However, it may have sent the 1099 document which may have created phantom income to you in the year of the sale - but if it had you would have heard from the IRS by now. I think it is safe to say that you can go ahead with your plans to purchase a new home; I wish you well.
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