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Financial Services Law Insights and Observations

Pennsylvania State Department revises guidance for real estate industry

State Issues Covid-19 Pennsylvania Real Estate Notary Mortgages

State Issues

On April 28, the Pennsylvania Department of State issued revised guidance for real estate professionals, appraisers, notaries, title companies, and home inspectors in light of the Covid-19-related closures of non-essential businesses. The revised guidance limits in-person residential real estate activities  to transactions related to existing homes under contract prior to March 18, 2020, new construction homes under a contract calling for closing or delivery on or after March 18, 2020, where a buyer can demonstrate that they had entered into an agreement for sale of their prior residence prior to March 18, 2020 or where a property subject to sale, home equity loan or home equity refinancing is located in certain regions of Pennsylvania.

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