We have been postponing the foreclosure auctions on the same homes for 6 months, then the auction is cancelled and the foreclosure process is restarted.

It seems banks are routinely postponing or canceling foreclosures in California and I am concerned that underlying factors I am unaware of may affect me accordingly, leaving me in foreclosure limbo.3) Is there any way the original owner could weasel his way back in to the property if I were to proceed with purchasing the note/foreclosing?

Of course a huge majority of the properties always get postponed and that doesn't happen until day of but that is part of the process.

More likely there will be a postponement on the property in question, but there hasn't been one yet...

We got an auction postponed this week and now Indy Mac wants thier forms filled out..which is pretty much what we already sent in but a little more detailed.My homeowner has a second house that they are moving into.

Artificially inflating prices by holding back supply only postpones the inevitable.So many things that can be done by both government and the private sector.

By being the note holder with company A, you control the foreclosure process, and can postpone the sale if that helps company B acquire the property from the estate.Also, if the foreclosure ends up going through, you now are the owner..

I would recommend watching the property and see if the auction gets postponed for some reason.

They were apparently sick of postponing the Trustee's Sale as they had already postponed it quite a few times for the homeowner prior to our involvement.

A past newsletter (Aug 2008) mentioned that they had exceeded their legal budget for that year and were postponing lawsuits against homeowners until the next fiscal year.