Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 14 years ago on . Most recent reply

User Stats

117
Posts
44
Votes
Jeff NA
  • Involved In Real Estate
  • Portland, OR
44
Votes |
117
Posts

Why do sale dates get postponed?

Jeff NA
  • Involved In Real Estate
  • Portland, OR
Posted

I'm about to do a 2nd and 3rd mailing to some short sale prospects. Looking up some current info, I see a good portion of their sale dates are being postponed, sometimes by one month and often times by two to three weeks. Before I mail these folks again I was wondering why sales get postponed. If it's because they are already working with someone then I don't see the need to waste the stamps. Are there other reasons that I am unaware of?

Jeff

Most Popular Reply

User Stats

216
Posts
112
Votes
James Harkness
  • Real Estate Lender
  • Philadelphia, PA
112
Votes |
216
Posts
James Harkness
  • Real Estate Lender
  • Philadelphia, PA
Replied

I'm assuming you are talking about the foreclosure sale dates being postponed. There are two main reasons that a sale date will be postponed. Either the owner is contesting the foreclosure and the loan is tied up in litigation of some sort, or they are working with the bank and the bank has decided to push the foreclosure back to give more time to work out the loan.

Loading replies...