Tustee sale

Submitted by ken from CA - 02/28/2011 - 12:03pm

I received a notice of trustee sale for 2/22/2011 prior to that i called the lender since i was still trying to loan mod they told me it was to late i have a trustee sale date in thier system of 2/24/2011. I am in california how long after will they approach me or will they just give me a three day pay or quit.

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Comments

Submitted by Michelle - 03/02/2011 - 12:13pm

Hi Ken,
I have heard that some lenders assign the property and contact the homeowner within 24 hours. I have also heard folks that have not heard from anyone weeks after a trustee sale. I would estimate that most lenders would have the property assigned and reach out to you within a few days. At that point they will just be making contact to see if you are the former owner or a renter and assessing what your intentions are in terms of vacating the premises. Typically they would try to negotiate a cash for keys incentive for you to vacate the property by a certain date. If is appears that an agreement cannot be reached then they will start a formal eviction process after serving the appropriate notice.

Submitted by shakia Andrews - 01/16/2012 - 1:56am

Please visit our website and call me at 866-607-0318 ext. 2032. Or E-mail me ASAP. We can definately stop your sale and lower your payments on a low fee. We have a group of mortgage underwriters and mitigators that will assist you and contact your lender, by represention, to get you a lower rate, and restructure your loan.
www.mymembership.org
If the home was already sold, We can preform a reversal of the sale for $2500 and keep you in the home without making a payment for up to 2 years

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