You need to contact the people you have dealing with on your forebearance agreement now and find out what is going on. In my experience, you are TOO LATE to do a short sale. To get a foreclosure auction stopped for a short sale you usually have to have your entire hardship package into the lender and uploaded in their system, which can often take up to a week. Then you would also have to have an legitimate offer at or near fair market value, and in most cases the BPO has to be done, so the bank knows that the offer submitted is reasonable.
That does not mean you cannot get a postponement on your sale date, especially if you are in a forebearance agreement and you have complied with all the terms of that agreement. Also, if there has not been a prior postponement, most lenders will give you a 30 day postponement if you have a good reason and ask for it.
I am willing ot make a 3 way call with you to your lender. I do this for people all the time. There is no cost or obligation to you. Just last month I was able to negotiate a 30 day postponement for another homeowner in San Bernardino, with the auction only 4 days away. However, the sooner you make the call the better chance you have of getting this taken care of. Please call me today so we can set up the 3 way call. Dare to Dream.
Shel-lee Davis, QSCÂ®
Certified Distressed Property Expert â€“ CDPEÂ®
Short Sale & Foreclosure Resource â€“ SFRÂ®
Certified HAFA Specialist â€“ CHSÂ®
Your Real Estate Consultant for Life
RE/MAX Palos Verdes Realty