Real Estate Investor · Huntsville, AL · Member since 2008 · 13 posts · 0 votes
A friend of mine is having a SS done by an agent who specialize in SS. The foreclosure sale is Jan. 5th, 2009 and the agent told him that the lender wants $800 to stop the foreclosure sale. This doesn't seem right, does anyone know if this is correct?
I Might be looking for my third extension. My second extension I was pushed to either show a commitment letter,a 1003 application or a 3000 fee for extension.Tough to do when you dont even have an appraisal yet. I was able to get my buyer to pay.
We also had the atty general's banking div assis on calling the bank. there are many similar groups that will help
BTW...who is the lender? You are getting pretty close to the point where most lenders will just let it go..regardless if an offer comes in.
Most times they will assume it is a last ditch effort to buy some more time...i.e the borrower trying to stay a bit longer. They will see right past it if it gets too close to the auction date...
Also, if a BPO hasn't been ordered then I would get that offer submitted and request immediately that it happen...that will automatically give you a postponement.