Can you stop a Trustee Sale ?

Submitted by Adam from CA - 03/14/2011 - 6:06pm

by submitting a short sale offer to the bank or calling the Trustee ?

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Comments

Submitted by Michelle - 03/15/2011 - 9:29am

HI Adam,
A short sale offer will NOT automatically stop a trustee sale. You can request a 1 day delay or a postponement of the sale if you have a modification or a pending short sale. You would want to contact the trustee directly. You cannot depend on the modification or the loss mitigation department to request the delay if there is an active sale date. Filing bankruptcy will also provide a temporary stay.

Submitted by Alan Lee - 03/29/2011 - 4:40pm

Hello Adam, yes you can stop a trustee sale and there are a variety of methods to do this. Our original auction date was 7 months ago, our lender was BOA and trustee was Recontrust. I am currently in a program called Trustee Sale Verification which is used to postpone trustee my sale and this is being done by Lighthouse Consulting Group from Orange County.

Submitted by Alan Kauth - 06/20/2011 - 9:28am

Alan, has Lighthouse been successful for you? If you have seen they do what they say they do, then I think I'd like to add them to my toolbox of solutions for clients.

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