I've been involved with a few like that and in a couple of my cases the homeowners filed bankruptcy and that postponed the auction.

I call back the negotiator, left message asking to postpone auction.

Sorry judge but I need an attorney can we postpone so I can get an attorney.

That did not guarantee that they would accept the short sale, just that it would postpone the sheriff's sale.The issue was that the homeowners were still going through a loan modification with Chase.

The process of tracking foreclosures can be daunting as cancellations, postponements and rescheduling is enough to make my head spin.

We are seeing so many delays in the foreclosure process (postponements, cancellations etc) that homeowners who are looking to restart and rebuild are feeling frustrated.

Many sales get postponed several times, but then end up happening.

I have already advised them to seek counsellingIt would be tough to negotiate w/ the bank for the discount, while the homeowner is in bk.A great % of people can"t meet the requirements of the bk and are falling out of it after awhile though, that why it is a good idea to stay in touch with the homeowner, that way you can be there to pick up the SS deal again.Also it seems that once the homeowner falls out , the bank will speed up the foreclosure process if there has already been a postponement of the sale date

This is of course a postponement of the inevitable and a pretty big bust should be coming around in a decade or two.

Without flood insurance, lenders probably won’t release funds, effectively postponing closing on these properties until Congress reauthorizes the flood insurance program.During the Memorial Day congressional recess, NAR says its Federal Political Coordinators will meet with Congressional leaders to urge immediate action on a lasting NFIP extension.