I've never understood any benefit to the seller to have a pocket listing, other than privacy issues.
I suppose the benefit to the realtor would be if he already had somebody lined up and he could get both sides of the commission.... more
Some times the banks will allow for an extension if you have already exhausted your first three allowable 30 days extensions. If you have not used any of your three allowable extensions, you are in the clear to request a postponement especially if you have an approval on a buyer. If you have used your allowed extensions, then the banks can grant an extension pursuant to investor approval on a per diem basis. But you need to request this extension no later than 3-5 days before the trustee's sale date.
I hope I helped !! Good luck.
Diane Wheatley, Broker
diane @moveupproperties.com... more