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Updated over 14 years ago on . Most recent reply

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117
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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
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112
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James Harkness
  • Real Estate Lender
  • Philadelphia, PA
112
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216
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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.

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