Foreclosure postponement

One of the challenges in short sale transactions is getting the lenders to approve the postponement of the foreclosure.

Lenders seem to be getting more difficult to deal with when it comes to getting these foreclosures postponed unless there is a very solid offer, a full short sale package, and fully signed paperwork.

This makes the timing of a short sale listing pertinent and the sooner the better! The more time we have to properly list, sell, and process the short sale the better the chance that we can avoid the foreclosure altogether or at least get it postponed to the point where we can get the property closed.

On most deals the lenders will postpone the foreclosure but it’s not worth taking the chance.

If your property needs short sold and you have missed a payment or more then please contact us at 480-241-4406 quickly so we can get moving before the bank decides to foreclose. We’ll have a better chance of short sale success.

Related posts:

1. Government wants your house!!
2. Short Sale Properties – Tough to postpone foreclosure
3. 17 Months Mortgage Free??
4. Arizona Foreclosure Process
5. Short Sale or Foreclosure??