You will find yourself dumping lots of time and effort into research on properties only to have those auctions postponed, cancelled, etc..

Hello Seasoned Investors,During my first visit as a newbie to my county sheriff sale website few min back (I went to familiarize myself for potential future foreclosure investments) I found a property virtually next door to where I live and I in fact I know the owner as well.Few facts taken from the website before I type my questions:The Case Type is: Complaint In Mortgage Foreclosure.Somehow the current appraisal price is way too low than I would expect.The most recent docket text states: COURT ORDER IN REAGRDS TO PLAINTIFFS MOTION TO REASSESS DAMAGES ON 01/31/2014 TO XXXX AND SHERIFFS OFFICE ATTN: YYYYThe sale date is listed as postponed to 4/30/14.Not sure how to approach this given I am new to all this and was not anticipating such a sweet deal which I could manage so easily as 'buy and hold' goal for this year.Things I am not sure about:1.

If the money is that crucial, just postpone your trip for one week so you can collect your rent.   

I'll take a lower cap rate because I want a newer build, to postpone capex expenses, to get a more modern layout, and generally ensure that I can have full occupancy.

Last mortgage on the property vs. what the property is worth, etc.Why are auctions often times postponed or cancelled?

You can postpone the $800 annual fee by registering after December 17th.You can also use LegalZoom for about $300 and use LegalZoom as your Agent of Service.

Let's postpone this opportunity.

Thanks @David Krulac I realize I have to honor the lease until it expires that's why I've been postponing my closing for over 2 months now.

Not being a tax professional, what is considered in service and not is well above my pay grade :)  Same for deducting your audible acct without a business entity.I do know to get my new properties in service ASAP and have postponed repairs until after rented to qualify for that.  

Any auctions postponed will take place on the first business day that follows.Notice: All foreclosed properties are sold “AS IS” and may be occupied.