Dusty_carrei…, Home Owner in Mountain House, CA

Can I still postpone a forecloser sale date the day of the sale? I have a offer and it has been turned in to the bank.(BofA).

Asked by Dusty_carreiro, Mountain House, CA Sun Feb 6, 2011

Trustee sale date is Feb 7th. I have been in short sale status for about 6 months and the sale date has been postpone a few times. The offer has been turned in feb 2nd but there was a few missing things when it was turned in but then was completed on fri the 4th. As of feb 5th the date was still set for feb7th can there be anything done to postpone this sale date ASAP on Mon the 7th date of the sale so I can complete this short sale?

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Answers

6
There are several ways to stop a sale date on your property. The best way to apporoach this would be to contact someone that has a tremendous amount of experience in this area. With the right help you can stop the sale even on the day of the auction as long as the sale isn't at the same time the courts open.
If your sale is at 10am and the courts open at 9am, a postponement can occur.
0 votes Thank Flag Link Wed Mar 28, 2012
I have seen the Bank to postpone the Trusty Sale Date, at the very last day of the TSD, but in such as short notice, you would need to talk to the bank and follow up on et, usually they require notice 5 days prior to the TSD for the Bank to request the postponement. Unless at the time that you were submitting your officer the Bank was intensionally working on it and requesting the postponement, chances are limited,but not impossible, so the best ting you can do is to get on that phone and talk to any or as many people as possible that will understand and would show interest on helping you.
0 votes Thank Flag Link Sun Feb 6, 2011
It's possible but only your mortgage company can answer this question for you. It's worth a try so call them 1st thing Monday morning!

Good luck!
Jo-el Fishburn
"A Realtor That Cares!"
0 votes Thank Flag Link Sun Feb 6, 2011
The trustee sale date can be postponed even at the very last minute. If your loan is B of A, you can check on http://www.recontrust.com and the sale should be set at 10am in Stockton courthouse; which means you still have a few hours to work with. With that said, your listing agent will have to follow up early in the morning with the B of A short sale dept to make sure the postponement is requested and to follow up with the recontrust trustee dept as well to see if they have received the order to actually postpone the sale.

This is the process: listing agent makes the request, B of A negotiator then submit that request to the trustee sale dept and the trustee sale dept (recontrust) has to execute that order.

Since B of A uses the equator system, your listing agent should have already been able to send in the postponement request by email to the negotiator already this weekend.

Good luck to you.
0 votes Thank Flag Link Sun Feb 6, 2011
It is possible, but very last minute, so unlikely. You should have requested the auction be postponed several days ago to assure it happens.

We are a professional short sale service and would be happy to explain the process to you. Please call us directly to discuss your specific situation. Our services are FREE to homeowners. We look forward to hearing from you.

Eli Givoni, Director
Short Sale Department, LLC
561-361-1909
info@shortsaledept.com
http://www.shortsaledepartment.com
Serving all 50 states
0 votes Thank Flag Link Sun Feb 6, 2011
You can postpone the sale up to the second before the gavel falls. The bank has to be convinced that the deal is going to go through because it costs the bank each time they schedule a sale. The commissioner has to do an independent appraisal and the sale must be advertised according to your state laws. The typical foreclosure in Louisville costs about $1200 that the bank must pay even if the sale is ultimately cancelled.

This explains why they hesitate to delay them once it is on the calendar. But it also gives you fuel by knowing that you have to really sell the bank that this is a legitamate offer that will go to completion and will be a good thing for the bank as well as you.

Good Luck!

Mark Atteberry, Expert Louisville Realtor
0 votes Thank Flag Link Sun Feb 6, 2011
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