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Updated over 1 year ago on . Most recent reply

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164
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15
Votes

Which Party has Authorization to delay a pre-foreclosure auction date?

Joseph Hernandez
Posted

I'm getting conflicting answers. Who do I contact to get an auction date extension, the trustee or the lender? Thank You.

Most Popular Reply

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118
Posts
61
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David C.
  • Lender
  • Los Angeles, CA
61
Votes |
118
Posts
David C.
  • Lender
  • Los Angeles, CA
Replied

The lender is the one with power to extend.  If a payoff or reinstatement is eminent the lender might agree to an extension.  It's unusual for a lender to want to foreclose.  All they really want is to get the loan reperforming or a payoff.

If it were me I'd call the lender, borrower and trustee to see if they would talk with the lender.  The trustee is easiest to get hold of and the one with the best understanding of the situation dynamics.

You need a good reason to extend or the lender will see it as another BS delay tactic.

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