Is It Doable To Get A Trustee Sale Or Foreclosures Date Postponed Or Altered?
Hi, that is Kerri from the Bay Area Short Sale Angels, Northern California’s primary short sale team. So a lot of people come to me questioning how to get a trustee sale date postponed. That’s the day that the home goes to auction and either will get bought or goes back into being a bank owned property. It’s the official foreclosure date. So, is it possible to postpone this date? Many times the bank will postpone the date for you if it is looking like things are looking optimistic with your mortgage modification.
One other strategy to get it postponed or even stalled is by completing a short sale. If we’re in contract with a official purchaser and we’re close to getting the negotiations finalized or in the course of escrow, many instances the bank will actively postpone the trustee sale date. Usually we won’t ask for that postponement for up until 10 days before the trustee sale date.
One other option to postpone the date is bankruptcy. Lots of people have used this as a tactic to be able to live in their house that is facing foreclosure even longer just by filing for bankruptcy. Once you file for bankruptcy, you have got a certain quantity of days that you want to get that bankruptcy completed before the trustee sale date may be reinstated.
So those are three totally different strategies of getting the trustee sale date postponed. There are lots of people out there on the internet that promise that they will get the trustee sale date postponed in the event you pay them money. I might say 99% of these are scams. So, what you really want to do is figure out where you’re 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 number one short sale team. We believe there is nothing worse than doing nothing. Please contact us right now so we are able to 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.
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