Foreclosure in Inglewood>Question Details

Kim, Renter in Inglewood, CA

The house i live in is in a trustee sale.

Asked by Kim, Inglewood, CA Sat Jun 18, 2011

how many times can the foreclosure be postponed

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Answers

5
Hi Kim,

You can delay a trustee sale up to 41 months. In CA, AZ and NV (trustee states), Our service requires the trustee to verify a comprehensive list of issues related to the legal nature of the foreclosure proceedings enacted by the lender, which as a byproduct, you as the homeowner still retain full ownership of the property and live there comfortably. Since the trustee assumes the liability in auctioning the property, they will not foreclose on the property if there is a potential violation pointed out to them prior to the Auction Sale Date as they could face sanctions and ultimately lose their license. Trustees are incredibly busy and generating huge profits so they will continually postpone the sale date with adequate time to research and respond to the issues raised by our company to protect themselves.

A client may qualify if:

â– The Trustee Sale Date is 30 days or less from now
â– You have filed Bankruptcy, been denied for a loan mod or a temporary restraining
order was lifted
â– You need more time to facilitate a short sale, regular sale or loan modification
â– If you are renting from a landlord or losing your home that you want to stay in



Call me, Kathryn Hill to postpone your trustee sale. 714-881-4492
0 votes Thank Flag Link Tue Jun 21, 2011
Good information on pervious answers. Plus, keep in mind, tenants may have more rights than you may understand at this point?
0 votes Thank Flag Link Sat Jun 18, 2011
It all depends on the lender . Best confer with an attorney

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Sat Jun 18, 2011
Dear Kim,

It all depends upon the lender, investors on the note, trustee and the owner. The banks are so backlogged with foreclosures right now that it could take months before the auction finally occurs. Or it could be held on the date stated on the trustee sale notice. For whatever reason, auction dates will be postponed in 30 day increments, give or take until all parties are ready to go to sale.

It is not really over until it's over. Wish I could help you more on that one. Good luck.

Diane Wheatley, Broker
diane@moveupproperties.com
0 votes Thank Flag Link Sat Jun 18, 2011
I am sorry to hear that, for a legal question like this you are best to contact an attorney.
0 votes Thank Flag Link Sat Jun 18, 2011
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