I assume that you are a Tenant trying to find out your fate. Yes this means that The Lien Holder or the bank has asked that the sale be postponed that happens due to many reasons
Shart sale Offer on the table that The bank wants to work with
Even an active Loan Modification today will have the Bank postpone the sale date for 30 or more days.
Yes your landlord still does own the home.
Pebble Singha (CDPE)
Head Of the Short Sales Department KW Encino.
I assume you mean the trustee sale was postponed. The bank that owns the mortgage has instructed the trustee to postpone the sale. This is very common. Therefore, the current owner still owns the home.