How Does Listing With Agent Delay Foreclosure?
Can somebody clarify how listing with an agent delay the foreclosure. When does this have to happen in the process?
Can somebody clarify how listing with an agent delay the foreclosure. When does this have to happen in the process?
Generally, the mere act of listing the property with a real estate broker will not delay the foreclosure process. The foreclosing lender may, upon notification that the mortgagor is taking steps to mitigate the problem (listing the property for sale to avoid a forced, public sale) may not pursue the foreclosure as aggressively...
Thanks SSP. I have been reading alot of your input on this site. You are a big help! Keep up the great work. It is greatly appreciated.
Dont they have to accept 82% of the BPO on FHA loans?
So Jason, did you draw up a net sheet/HUD1 that shows a *purchase price* of $54k or that the lender gets $54k after closing costs?