Postponing an auction sale property

Submitted by Vernon from CA - 10/01/2009 - 7:12am

I just subscribed to ForeclosureRadar last night and learned that a preforeclosure property I was researching for a client to purchase is going to auction October 6th. With less than 5 business days left, is there anything I can do?

You are not watching this post, click to start watching

Comments

Submitted by Sean - 10/05/2009 - 9:52pm

Sorry for not responding earlier... if you were looking to purchase as a short sale it is likely too late, though you could try to contact the trustee and ask them if the lender would consider postponing to consider a short sale offer.

If you just need more time to prepare to purchase at auction you could also call the trustee and indicate your clients interest and ask that they postpone for a few days.

Neither of these will likely make a difference, but they occasionally do. At this point it may be best to let it go to auction and then purchase it from the bank or investor that ends up with it after the sale.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

Before You Post

All comments should be relevant to the topic of the post and are subject to the terms found in our User Agreement.

Asking a Question

If you'd like to ask a new question, please start a new topic.

Please no SPAM.

We nofollow all links and promptly remove unsolicited advertisements - spamming here is a complete waste of your time, so don't bother. Vendors who actually answer questions and provide value to our forums may include links to their company or service as part of their signature.