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Updated about 3 years ago on . Most recent reply

Jacobo B.'s profile image
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Jacobo B.
  • Investor
  • from Miami, FL
  • Member since Oct 18, 2008
  • Posts 20
  • Votes 10
  • Experience 23 Yrs
  • Investments 1

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Jacobo B.'s profile image
Jacobo B.'s profile image
Jacobo B.
  • Investor
  • from Miami, FL
  • Member since Oct 18, 2008
  • Posts 20
  • Votes 10
  • Experience 23 Yrs
  • Investments 1
Jacobo B.
  • Investor
  • Miami, FL
10
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20
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Foreclosures

Stopping a Foreclosure Auction

Jacobo B.
  • Investor
  • Miami, FL
Posted

Hello everybody!

I need help!!! I'm about to sign a contract to purchase a property with a owner facing foreclosure and the auction is in 7 days. How do I stop the auction to get enough time to close on it? 

Any advice will be greatly appreciated.

Miami, Florida
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Chris Seveney's profile image
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Chris Seveney
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  • Member since May 23, 2015

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Chris Seveney
  • #2 All Forums Contributor
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Chris Seveney
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  • Virginia
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Jacobo B.

They will need to pay the past due and reinstate the loan. Lender may postpone if they have a contract in place with you and you have proof of funds and a large security deposit

  • Chris Seveney
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