Listing the property with a realtor to help you with a short sale may help you buy more time in the property.
With your sale date fast approaching, it is important for you to know your options:
1) Declare a bankruptcy for the purpose of delaying the sale (or you may to go through with it )
2) File a civil action and get a Temporary Restraining Order.
3) Develop a pro-active foreclosure litigation strategy â€“ We will provide you with invaluable knowledge and tactics to help with foreclosure litigating.
4) Challenge/Subpoena the Trustee â€“ Trustee Sale Verification
You may also want to consult with a reputable real estate attorney to buy you more time pre and post foreclosure. Please don't hesitate to contact me as I may be able to point you in the right direction.
First, if you have not already done so, talk with the mortgage company to see if there is anything you can do to save your home. Short sales are sometimes possible, and banks prefer these since it means that you--as the owner--will take the initiative to sell the home rather than the bank's having to expend time and money to do it. If you cannot bring yourself to call the mortgage company--and I truly understand how embarrassing and painful this can be--talk with a local Realtor who is skilled in short sales. The Realtor may be able to help you work with the lender to sell your home short or might even be able to direct you to sources that can help you modify your loan and/or give some time to work things out.
But, the key, as Blaison pointed out below, is to move quickly to do this. You cannot sit back and wait even a day as the clock is ticking. Call a local Realtor today and get the help you need to sell your home rather than let it go into foreclosure.
Grace Morioka, SRES, e-Pro
Area Pro Realty
Most of the time, the lender won't stop the trustee sale unless you present a good offer to them, so just listing your house will not guarantee to stop the trustee sale. You need to work with an experienced short sale agent who can get you an offer quickly and present the offer to lender and ask to stop the trustee sale.
I have stopped trustee sale, just 2 weeks from trustee sale so it's possible with a good offer. The more closer to trustee sale, the harder it gets to stops trustee sale....Good luck!