Replies to This Discussion

Permalink Reply by joe beauchamp on June 4, 2012 at 11:10am

Try twitter @BofA_HELP or calling the office of the president. I do not expect BofA to be helpful, however. This is a political posture from Freddie Mac.  There are ways to get the foreclosure postponed but you need more, you need Freddie Mac to accept your offer.  You can try Freddie at 1-800-freddie, but I wouldn't get my hopes up. They do strange things that hurt everyone, so I don't see them being logical or reasonable with you.

Maybe your only shot is at getting your congressman to complain and put pressure on them to allow the sale to go through.  Logic has little to do with Freddie Mac, unfortunately.  Good luck!

Permalink Reply by john donahue on June 11, 2012 at 11:24am

Hrazak:

Can you give us a status update on your above post re: your inability to postpone a Freddie Mac sale with B of A.....Did you have any luck postponing it? 

I have a similar situation with a listing on a BofA/ Freddie Mac mortgage with a sale set 10 days from now.  Did you discover any tips on how to escalate it to get a postponement?

Permalink Reply by Ellen Levy on June 11, 2012 at 11:23pm

Bankruptcy would stop the sale.

Permalink Reply by Ellen Levy on June 12, 2012 at 3:11am

A good real estate attorney might be able to help.  Some states have "judicial" foreclosures and others do not.  In a state with judicial foreclosures, the sale is not final until ratified by the Court.  This can take quite awhile.  It could be that you go to settlement through the Court and ask the Court to overturn the foreclosure.  It gets complicated.  A good attorney will probably give you and/or your seller a small amount of consultation time without fee, or with a small fee.