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Updated about 15 years ago,
How do I stall a foreclosure
I found a property set for auction on the 5th of January but homeowner not yet willing to give up on the house. HO is hoping for approval on a VA mod.
I have an agreement from HO to allow me to call in a couple of weeks but will not allow me to walk through the house to estimate repairs or get the ball rolling with preliminary paperwork.
The problem is that I am not sure I have enough time to get the necessary paperwork and inspections/estimates done before the auction.
Spouse is in the clink with name still on title and not sure if I can get an agreement (QCD) from the incarcerated to relinquish his ownership interest in the house (they aren't talking).
I think the property has potential though I haven’t seen the inside to estimate repairs.
Payoff on loan is 55% of ARV
Is there a way to stall the auction as a homeowner short of BK or as a potetial buyer?