We have two business days before the foreclosure sale date of Weds, 10/3/2012 - I got two offers in yesterday and am waiting for seller's financial package - she's working a stretch of long days and she'll have it to me by tomorrow. Everyone I've spoken to at GMAC including Sherry Hegenbarth | Executive Office says they will not stop the foreclosure even with an offer if they don't have a full 7 business days to review the package. And that since that window has passed, SOL, no postponement is going to happen. Has anyone successfully gotten around this roadblock? Thank you!
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janie..............I take it you are in a non-redemption state..............with that said, the banks have really cracked down on the last minute offers. I just had one with PNC that I submitted literally 10 days outside of auction date and they don't review contracts that close to sale. I would just be as persistent as you can with any and all attempts to contact someone who may have a care to get it postponed. Just know your efforts could be in vein. May the force be with you.
If you have a copy of the appraisal or BPO or know what the numbers are that helps your argument. Depends on the investor too. If you have a good price to appraisal offer sell the deal to the investor. Who is the investor?
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