Foreclosure Sales
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
