Foreclosure Sales

Short Sale Power Hour

We’ve been getting many questions recently with reference to  Foreclosure sale dates.  One of the most frequent  questions is based on how far-off from a foreclosure  sale date will you accept a listing.  Here are our  feelings on this procedure.

There is really no problem taking a residence that is  only a few days from foreclosure sale.  Foreclosure  sale dates are flexible.  Still, if the  foreclosure sale date is fewer than 30 to 45 days  away, we just have a preference not to take that.  When we are  contacted fewer than 30 days from their sale date,  it tells us a little about the seller.  They have  most likely been avoiding the inevitable.  The state of  emergency that many sellers like this are in creates  a mindset that isn’t condusive to a victorious short  sale. 

We have a preference to empower the person that we are working  for.  So, they can feel that we are in charge of  the situation.

On to foreclosures…

Within Arizona, the bank hires a third party group  (referred to as the trustee or attorney) to  actually carry out the sale date. If you are looking  to get a foreclosure sale date postponed, lots of times  you just have to ask.  The lender, as a matter of  course, will often postpone the foreclosure sale date  at least a few times. Here’s the big trap though.   Do NOT count on what the bank employee says as far as a  foreclosure sale date is.  Always confirm that date  with the trustee.  If the trustee does not have  evidence of the foreclosure sale date delayed, it  will not be postponed. 

http://group4610shortsale.com” title=”Arizona Short Sale Specialists Answer Questions”>Short sale FAQs and more.

Get powered up by Kevin and Fred at http://shortsalepowerhour.com/foreclosure-sale-dates-short-sale-power-hour-12-22-09/ title=”Foreclosure Sale Dates”>Short Sale Power Hour by the Short Sale Specialists of Arizona

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