Since you planning on purchasing property personally, not inside of your 401k, when the property is sold and you realize profit – you would have to declare it on your personal tax return and pay taxes on it (or do 1031 tax-deferred exchange to postpone paying taxes).

Many prospects were found and evaluated, only to have the sales postponed, postponed, and finally cancelled.

Or you can ask the 1st to postpone the foreclosure sale until you can obtain financing to pay off the 1st and the negotiated amount to the 2nd. 

Most lenders aren't going to postpone one day before sale unless the borrower has filed for bankruptcy.

There are so many factors with short sales.You should have gotten WRITTEN CORRESPONDENCE from the foreclosing attorney for the bank that the sale has been postponed through XXXX date.Sometimes some lenders will continue to run the foreclosure while under short sale agreement so that they do not have to start over if the deal falls out.It really sounds like you had 2 inexperienced broker/agents working on this.You shouldn't have put a dime into anything without the full written approval from the bank and the foreclosure had been stopped by the FC attorney in writing.

Is that standard in an auction or should I postpone the closing to have the location drawing completed?

The lender has postponed the auction once already.What can I do to help insure that the SS is not approved so the lenders goes ahead and goes to auction?

I am getting a little frustrated when the trustee starts to randomly postpone the sale of properties without my knowledge (me meaning the beneficiary).

Postponement of all kinds, not just the life and death ones.

I’ll postpone the meeting until we have some confirmations.