Asked by Vrapelli, Los Angeles, CA • Thu Sep 13, 2012
I have attended the auction sale by sheriff, and ended up being the highest bidder. I paid the 20% of the bid price on the day of auction, and the balance 80% should be paid in 30 days. I am working on my loan process, bank said they typically need 45 days to close the loan. I have already lost 15 days.
Can I ask for the extension of due date? Will I end up paying fines or lose the initial 20%?
Please advise how to handle the situation.
Thanks in advance
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