I have a client who's home is going to be foreclosed on September 6th. The home is on the market as a short sale, but no offers. The property has only been listed for about a month. The sales price has be reduced three times, but still not a lot of activity. Is it possible for the lender to extend the sales date to a later time to get the home a chance to sell. Or can you contact someone with the mortgage company that can make the decision to extend it or cancel the foreclosure date. I was told that the only way it could be extended or cancelled would be if the seller either gets an offer or set up some type of payment arrangement with the lender. It seems the lender would want the home to be sold rather then go to foreclosure.

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