Then how about offering them a flat fee, say $1000, to delay their sale by two weeks.
Or, offer to buy the property from them immediately after the sale at their full cost + a modest markup if they will finance it. If they don’t want to finance it, try for a 30 day close and look for a hard money lender to step in. If there isn’t enough profit to afford a hard money loan, then go on to the next opportunity. My $.02
I earlier posted a question about a probate situation where the heir is waiting for the court hearing for the the appointment of the Executor position in order to sell the property. As of now she has no authority to sell the house.
Well, the hearing date is April 10th but the Auction for this house is on April 7th. Is there any other way that I can do to stop this foreclosure? Can an attorney quickly force a stop on a foreclosure?
Please let me know. The lender doesn’t want to postpone the sale unless I pay for the arrears. I don’t want to pay the arrears because I don’t want to risk that kind of money when the deal is not yet secured because the heir doesn’t have the power to even sign a valid P&S yet.
Re: Urgent: Need to stop a foreclosure now! Help - Posted by Kristine-CA
Posted by Kristine-CA on April 05, 2006 at 18:38:27:
Hi IB. Tim_wa is in a trust deed state and I believe, from his other
posts, that this is a trustee’s sale, not a foreclosure. No court case and
no sheriff’s sale. Only a trustee that acts in the best interest of the
lender.