substitute purchase from a wholesaler

[Amit Agrawal]

Hi All,

I am a substitute purchaser of a property that a wholesaler obtained few months ago during trustee's foreclosure auction sale and assigned the contract to me. The court has recently (3 weeks ago) granted motion to substitute purchaser (i.e., approved me as a substitute purchaser).

I am interested in knowing what additional steps are there (specifically from the court's side) prior to closing of the property. When I ask the title company, the response was "we are still waiting for the sale to ratify”. What does this mean? Does the court has to issue notice of sale? I though we can close the property as soon as the court grants request to substitute me as a purchaser.