How to Stop a foreclosure sale scheduled in 2 weeks???

3 Replies

Hey BP, I a property I am very interested in, a seller that is under water but willing to make a deal but the court house steps sale is scheduled in 2 weeks. What can I do to stop the foreclosure sale in this short a time frame, again I have the owner on board.

Thank you for all your wisdom

Brian

The only way I know to do this effectively is for the borrower to file a Chapter 13 or Chapter 7 case. Of course, there are a lot of considerations that go into that in addition to stopping a foreclosure sale. Good luck.

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I wouldn't quote me on this but seems to me the only thing that would stop it is make all the back payments and get it current, the bank has lots of houses on there books im sure they'd rather have the money than the house. Hope its not to late!!! market to private lenders for a %. Just make sure you get a profit. Hopefully you can help them!