Anyone else run into B of A not extending Trustee Sale dates? I have a cash offer for the market price of the home. We've been working on approval for four weeks, ten days before trustee sale date, we received a 'counter offer' off equator and asked to close by 16th, in three days. No one could do it (title or buyer), we asked for the 22nd ... two days later (the 15th) they countered the same thing and stated, must close seven days prior to trustee sale date. News to me, asked for extension on trustee sale to the 30th, they denied the extension and close of escrow date of the 22nd. And we now have to cancel the contract.
I am not sure how many know that the closing must happen seven days prior to Trustee Sale date ... maybe I am letting many know for the first time, or many of you may already know. Wish I knew of this cool website that has come one of my informational tools for my short sales!
This is my THANK YOU too!!
Tags:
I had the same situation happen to me last week. The negotiator said BofA will not extend/ postpone the sale date. It was scheduled to go to sale yesterday (Sept. 21). My seller went to the local court last Friday (Sept. 17) and filed an emergency "Motion" to extend the foreclosure sale. She went before the presiding judge and presented the contract and supporting documents justifying we were working through a short sale...The judge Canceled the sale of Sept. 21 and extended the foreclosure sale for Nov.8th. This was the 2nd extension to the foreclosure sale granted by a judge. You may still have time to save your file...Hope this helps!
Yes, this does help! But on this transaction, its way too late! Teh foreclosure is set for tomorrow and its already 4:30 pm!! I wish I put this question or experience through last week with all of you! You are wonderful!!
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.