Property going to Sale on Aug. 7th

Foreclosures, Short Sales, Tax Foreclosures
1

A customer contacted me today to let me know that their house would be sold at foreclosure on August 7th (next week). They sent me the signed Borrowers authorization and I went to look at the property.

  • Is it too late to request a SS for this property to keep the owner out of foreclosure?
  • Should I request a forebearance agreement to be set up first in an effort to provide more time?

Thanks

2

  • Is it too late to request a SS for this property to keep the owner out of foreclosure?
    They are already in foreclosure. If the auction is scheduled for a week from now it is a little late - but it doesn’t hurt to ask. Don’t expect the servicer to delay unless you have something solid to offer.

  • Should I request a forebearance agreement to be set up first in an effort to provide more time?
    Once again, this is something that should have been done long before now.