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STARTING BANKRUPCY TO STOP FORECLOSURE TO HAVE TIME TO COMPLETE A SHORT SALE

Posted by Kimber Regan on May 23, 2012 at 9:58am in Short Sale Discussions
HAVE A SHORT SALE THAT I AM TRYING TO GET APPROVED.  SCENERIO:
1ST & 2ND BOTH BOFA.
SELLER BEHING 12 MONTHS.
CASH BUYER, AS IS.
AUCTION DATE SET FOR TOMORROW.  BOFA WILL NOT POSTPONE.
HERE'S MY QUESTION:   BEFORE I STARTED WORKING WITH THIS SELLER, HE WAS GOING TO DO A BANKRUPCY.  HE CHANGED HIS MIND, AND WAS GOING TO HAVE ME DO A S/S, BUT JUST FOUND OUT THE BANK WILL NOT POSTPONE THE SALE.   HAVE YOU EVER HEARD OF A SELLER PRESENTING A LETTER AT THE AUCTION STEPS (WE ARE A NON-JUDICIAL STATE), AND GETTING THE AUCTION POSTPONED, AND STILL BEING ABLE TO DO A S/S???
PLEASE LET ME KNOW. THANKS, KIMBER

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Tags: BANKRUPCY, FORECLOSURE, PREVENTION
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Replies

  • Ken Bernhard May 23, 2012 at 12:42pm
    The only way to have it postponed is to have the Atturney they are working w/ start the foreclosurer. I buy many foreclosures weekly and when the homeowner comes in and the home is up for sale that day it's too late, they never stop the sale.
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