Is It Doable To Get A Trustee Sale Or Foreclosures Date Postponed Or Altered?
Sunday, January 15th, 2012
Hello, that is Kerri from the Bay Area Short Sale Angels, Northern California’s primary short sale team. So lots of people come to me questioning easy methods to get a trustee sale date postponed. That’s the day that the house goes to public sale and either gets purchased or goes back into being a financial institution owned property. It is the official foreclosure date. So, is it potential to postpone this date? Many instances the financial institution will postpone the date for you if it’s looking like things are looking constructive along with your loan modification.
Another solution to get it postponed or even stalled is by completing a short sale. If we’re in contract with a official buyer and we are close to getting the negotiations finalized or in the midst of escrow, many occasions the financial institution will actively postpone the trustee sale date. Normally we can’t ask for that postponement for up until 10 days before the trustee sale date.
One other approach to postpone the date is bankruptcy. A lot of people have used this as a tactic to be able to live in their residence that’s dealing with foreclosure even longer simply by filing for bankruptcy. When you file for bankruptcy, you’ve a certain quantity of days that you need to get that bankruptcy completed before the trustee sale date can be reinstated.
So these are three different strategies of getting the trustee sale date postponed. There are a lot of people on the market on the web that promise that they’ll get the trustee sale date postponed if you pay them money. I’d say 99% of those are scams. So, what you actually need to do is work out where you are going, what your intentions are with the property after which make a decision primarily based on that.
That is Kerri Naslund with the Bay Area Short Sale Angels, Northern California’s primary short sale team. We believe there is nothing worse than doing nothing. Please contact us today so we can answer any questions you have.
For more information on short sales and how to avoid foreclosure, visit the Bay Area Short Sale Angels blog or you can also contact the Kerri Naslund team and get started today.
