If I Buy After The Notice Of Trustee Sale Is Posted
We are 10 days from the trustee sale.
At this point, is it too late to make a deal with the owner, pay off the lender, and avoid the sale?
Can anyone give me some detail on how this works?
Thanks in advance.
Get an Authorization to Release Information from the owner and contact the lender / Loss mitigation dept. They might work with you. Give it a try. It would be hard to give you a 30 second short sale course here.
Good Luck
I'm not necessarily looking for a short sale - what I'm trying to ask is whether it's too late to cure the default by paying the lender.
You are in luck. You are in Palmdale the foreclosure center of the world. So much going down. Get your release from the Property Owner and get to the Beneficiary of the Loan and start talking about bringing him current. They will of course try and load you with costs but just keep waving your hands. Especialy the one with the Cashiers Check. It may be made out to God but who's looking. Get a figure and right up to sale date you can do it.
Also remember as a matter of practice in the Great State of California known for its Earthquakes, Fires and implants, The Trustee is allowed one postponment of sale. Go do it but for God sakes have your deal in hand. No not the check, the deal.
You documents, signed notarized whatever you are doing. Then you cure the foreclosure. Or if you can't do that try for a one week postponment and then get your cats in line. Sort of fun working under the gun like that.
Perverse Lucius