Where is the listing agent / short sale negotiator? They should be working on this and know if the bank is going to postpone the sale.
Also, please note, contrary to advice given in a prior post, in California showing up at the trestee auction with your signed purchase contract WILL NOT stop the foreclosure sale. This needs to happen between the investor, servicer, and substitute trustee before the auction. The good news is, it can happen as late as the morning of the auction. However, the negotiation to do so needs to be underway long before that time. And the bad news is, some banks have decided to NOT postpone ANY foreclosure sales, even if there is an ongoing short sale negotiation.
It is unclear from the post if you are the seller or the buyer. It is the listing agent who should be on top of getting the extension. Make sure that you, or your agent, makes sure this happening. 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