Are you looking in Washington or Oregon? We specialize in Pre-foreclosure and the Auction Method of Marketing and it sounds like your Realtor answered your question properly with the information that you supplied them. Beware of some advice you get from out of town or (out of State) Realtors as the laws in your state may vary from other States. You can definatley make an offer at the Courthouse steps auction, but it must be a cash offer, meaning you must have funds to close that day not 30 dyas from then! You also have to watch out that if you do buy that mortgage that is in default it may not be the only one. The Court house steps Auctions (Trustee Sales) do not guarantee you clear title. The other advise is true, you may be able to postpone the sale if the bank chooses to do so, however it is getting tougher to get the O.K. from the banks; or should I say (the Trustees) to postpone sales; probably becuase they want to get paid by the banks and if they postpone the date they have to wait to get paid. There are allot of Foreclosures sites that are selling information that is old or not up to date. If the MLS says nothing about a short sale then the listed price should not create a short sale; it would clear all of the debts that are owed. If you are looking in Washington; there are new laws on the books now. The listing company is obligated to note it as a short sale if indeed the price will create a short sale. Best of Luck and let us know if you have further questions or you can have your Realtor call us too!
Best of Luck!