Is it too late with Trustee Notice?

[Tyler H]

Hi BPs. Please help. I have a friend who just receive the trustee notice that his home is going to be auction 6-25. He did not paid mortgage for more than 6 months and during this time he trusted 1 of those loan mod company to help him negotiate with his lender. He just found out that they were scammer and did not do anything on his paperwork for him after he receive the trustee notice posted on his garage.

What can I do now to help him out???? Is it too late to ask lender for shortsale option? Don't we need to have the home listed 3 months in order for shortsale to even be consider? Please help. He do not want to have foreclose. Again the sale date is 6-25.......

Also, if a shortale can be work out, is there anyone in WA STATE that are experience willing to work with me on this deal? Thanks for any help you can provide!

[Don Konipol]

If your friend has no money to work with, he has no reason to stop the forclosure. If he has some money to pay some payments, he can propose this to the lender. A court order staying the foreclsoure will of course stop foreclosure. A temporary restraining order issued by the court will stop (pospone) foreclsoure sale. A bankruptcy filing will result in an automatic stay stopping (delaying) the sale.