Why don't properties always get to a foreclosure auction on the date the judge assigns?

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When banks receive a final judgement order and a foreclosure auction date is listed on the order, why don't they always go to auction on that date? I see it quite often when researching current foreclosure auctions. One house was listed to be auctioned in 2012 on the final judgment order but it didn't actually reach the online auction until 2015. There is a house I'm interested in buying which was listed for auction in January 2015 on the final judgment order but it didn't get auctioned off. I am curious as to why. The house is in ruins and the 95 year old owner is nowhere to be seen and I somehow doubt he filed for bankruptcy. I was thinking about contacting the plaintiffs attorney and asking to buy the note for a reduced amount.

There could be any number of reasons:

  • Borrower is pursuing a workout/short sale
  • Borrower files bankruptcy
  • Title issues that cannot be cured by foreclosure
  • Errors in the foreclosure filings
  • Problems with loan or loan origination.  We saw auctions delayed while there were law suits against the banks
  • Problems with the lender. For example all IndyMac foreclosures were suspended when it went into FDIC conservatorship a few years ago.
  • Sometimes the investor/bank has a buyer in the wings and is negotiating with them (I've seen this accelerate the date rather than postpone it)

That's all I can think of off the top of my head.  @Wayne Brooks will know more about the Florida process.  In Utah, we just call the trustee and ask.

    Agree with above, plus loan mods, and loan mods attempts, bad paper work/procedure with the banks and they have to start over, etc.