Often times other local investors will market their deals at them, they have been postponed due to Covid but I believe it's back on for July. 

It's easy to let others postpone you from doing something you're interested in. 

Although, they were great people and paid their rent on time... later on they both lost their income and unfortunately, I was in no position to help them by discounting rent or postponing rent.

On any one day, there will be properties postponed from 10 different previous sales.

I don't know about getting the extension, but unless the bank was willing to take a significant haircut, no deal in my eyes.If the bank is foreclosing on a loan where there is equity, they will possibly recoup their money in the event of a trustee auction, why would they postpone that to negotiate a short sale for less than they could potentially get at auction?

Now, if you are in a judicial state, the borrower could petition the judge with the agreement and get a court order to postpone.

I don't know about the county in NC or the system there specifically, but she can write a letter (fax in) to the judge to postpone the sale because....She has to have a because.

Trustee sales of foreclosure properties are also often postponed, so unanticipated delays can occur, which can be problematic for a 1031 Exchange. 

Simply put if you have been placed in a mod by your lender for 5, 6, 7, even 8 years ago and your loan goes back into NOD or NOS today and you need $34,000 to reinstate "the bad deal" and you think you have $90,000 equity you as a home owner have almost nothing, after listing and paying commission..... other than a sale date in 3 or 4 weeks with a bank that just wants their money and know's that there is a small amount of equity they will not postpone the sale like the first time this happen to the owner, they will just SELL THE OWNERS HOME FOR THEM...

Quote from the Deed"The Fifth Third Bank agrees that it will postpone and make junior and subordinate in all respects that a certain mortage by Jeff Smith on May 27th, 2008 for the amount of 108k records in favor of a mortgage executed by Jeff Smith by US Bank for amount 206k.