I went to FIBI Tuesday, they usually meet 1st Tues of every month (postponed 1 week this month due to holiday).

Soemtimes the foreclsoure list is 100s of properties and the Sheriff sells them very quickly.From the original published list, about 1/3 get postponed, sometimes for seemingly no reason.

Typically it would either sell, or it could have postponed to a future date, but it is also possible that the auction canceled, either because the loan paid current, the property sold (short sale or equity sale), or the lender decided to wait for some reason (there are many reasons) and republish the sale again later.

I am of he opinion that one should use every advantage to legally avoid or postpone tax consequences.

All the auctions keep getting postponed

My two instances of not being firm enough have effected my cashflow a bit (I should have stuck to my raising the rent that month for the 85 year old lady instead of postponing it for 3 months), but not enough to make me grimace.

This question prompted from this comment made on another thread:Originally posted by "dafly":My two instances of not being firm enough have effected my cashflow a bit (I should have stuck to my raising the rent that month for the 85 year old lady instead of postponing it for 3 months), but not enough to make me grimace.

Get the bank to postpone the sale by getting their shortsale package all done quick and in to them.

For the $300 we can get a postponement on the sales date.

I postponed everything until Monday because the legal description of the property was too vague and did not specifically mention that I am purchasing two lots.