Posted by Todd (MO) on January 07, 2001 at 21:26:30:
The ads may still run, but what happens most of the time is that the homeowner is just giving you a line. Many times I have been told this and the owners will not discuss things with me and then the property goes to the courthouse steps anyway. It’s that ostrich syndrome that was dicussed in a previous thread. Homeowners in foreclosure WILL lie to you. That is why you need to check out everything they may tell you. It is always taken care of, just say OK and leave them your card in case they need anything.
The attorney (trustee handling the sale) will tell you if the sale is on or not, but not much more. If you are dealing with an owner in foreclosure you can have them call the trustee to authorize them to release information to you when you call.
Hope this helps.