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Updated about 2 years ago on . Most recent reply

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2,082
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Ibrahim Hughes
  • Real Estate Consultant
  • Bloomfield, NJ
1,043
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2,082
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Kern County Trustee Sale (Foreclosure)

Ibrahim Hughes
  • Real Estate Consultant
  • Bloomfield, NJ
Posted

Hi everyone. I have a family member whose deceased Mother's house is scheduled for trustee sale.

I'm very knowledgeable about foreclosures in New Jersey but damn near clueless about them in CA.

He wants to postpone the sale while he works on obtaining a loan in his name for the property. Sale is scheduled for 12/28/22.

How can he postpone the sale? He spoke to the lender and they claimed they would postpone but I told him don't trust that.

I'm also waiting for copies of the docs from him so that I can review to see if they mention a specific procedure.

But Itm trying to see what Information I can obtain over this weekend. Thanks in advance.

Most Popular Reply

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2,893
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Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
2,329
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2,893
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Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
Replied

Verbal agreement from servicer is not worth anything. 

Get mom's mortgage bills. Get title report opened to see all the ghosts. Order payoffs. Get valuation. 

Is this worth doing a hard money loan short term then selling or refinancing conventional?

The numbers tell the answer.

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