Foreclosure Sales: Helpful Tips

2010 February 18
by publisher

Short Sale Power Hour

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

There is in fact no problem taking a house that is  only a few days from foreclosure sale.  Foreclosure  sale dates are flexible.  Nonetheless, if the  foreclosure sale date is fewer than 30 to 45 days  away, we just choose not to take that.  When we are  contacted less than 30 days from their selling date,  it tells us a little about the seller.  They have  in all probability been avoiding the unavoidable.  The state of  crisis that a lot of sellers like this are in creates  a mindset that isn’t condusive to a triumphant short  sale. 

We prefer to empower the person that we are working  for.  So, they can feel that we are in control of  the situation.

On to foreclosures…

Within Arizona, the bank hires a third party group  (referred to as the trustee or legal representative) to  actually carry out the sale date. If you are looking  to get a foreclosure sale date postponed, many times  you just need to ask.  The lender, as a matter of  course, will often delay the foreclosure sale date  at least a few times. Here’s the big trap though.   Do NOT confide in 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  record of the foreclosure sale date postponed, it  will not be delayed. 

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



No comments yet

Leave a Reply

Note: You can use basic XHTML in your comments. Your email address will never be published.

Subscribe to this comment feed via RSS