If an owner that just recently had a NOD filed against them, and are behind by about 3 months will the lender stop the foreclosure procedures if the owner can show proof of a signed purchase agreement to sell the property to someone else? Or will they only stop if the back payments are made up?
It depends on the lender. If you send a ratified contract and a proof of funds letter or approval for financing, I have had success with them stopping the auction long enough to go to closing.
I have dealt with a lot of the loss mit people so when I send in a contract, they usually work with me because I have a history with them.
If you do this a couple of times and establish a history, it gets easier each time.
;D