Posted by David Krulac on September 30, 2003 at 06:56:55:
AS other have said, sell it take your profit and prevent the foreclosure. You have been sucessful in flipping, you can sell this property and replace it with another.
In Pa. you have up until 1 hour before the sale to bring the loan current and stop the foreclosure. I forget but I think Dauphin County Sheriff Sales are only either 4 or 6 times a year. So there is months between sales.
Both a foreclosure and a bankruptcy will NOT help your future investment program. I’d recommend neither. They are last resorts.
When is the sale? Have you tried to sell it? Is it rented? Can you sell to the tenants?