How to get non-judicial foreclosure auction date postponed

[Greg Lovern]

A homeowner in King County, Washington State just contacted me a few minutes ago about selling me his home which is in non-judicial foreclosure. The auction date is this Friday morning, Jan. 18th. That gives me three business days before the auction.

When a homeowner contacts you this close to the auction date, do you start by trying to get the auction date postponed? What are the best steps to get a postponement quickly? How long of a postponement is considered reasonable to ask for?

[Tom Gimer]

You’re not going to get a postponement by asking for it. You’ll need a legal basis to stop the sale... such as a bankruptcy petition.

Honestly though it’s better to just close with cash now and deliver good funds to the trustee before the sale.