That would mean that they have postponed taking care of certain expenses that should have been addressed.

The person or company that is handling the negotiations on your behalf should be asking to have this foreclosure date postponed while the short sale is being negotiated.

- The need to postpone your capital investment/profit capture until you sell the property (or the lending enviroment improves).

If you have a copy of the notice or trustee sale (or notice of foreclosure), there should be a number on it that you can call to see if it was foreclosed on or if it was postponed.

The only way around the situation (from what I can see) is to have delivered the proper notice to the tenants and waited the time for them to decide -- if they were agreeing to move out, most likely they would not have jumped through the hoops to purchase and you would postpone closing approx. 2 months.

About 200 properties listed per day and over 90% of them ended up either being cancelled, postponed, or purchased by the plaintiff.  

When auction is so near how can I assist the homeowner in postponing the auction date.

The banks will usually have special servicing for handling borrowers in bankruptcy; they certainly aren't going to do anything that looks like a collection activity.And the borrower most likely just filed bankruptcy to delay the foreclosure; since you said it's in PA, the sheriff sale is postponed for now.

We were able get both postponed once or twice before, but this time around were told that because they were fanny mae backed they wouldn't postponed and it's a new rule????

You can always call the trustee and see if it sold or if it has postponed.