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.

Rich Rich,I'll assume you mean at the sheriff sale, and not REO or private sales (as those are not on-topic).Every month there will be a handful that are good deals that actually come to auction (not postponed or delayed), UNTIL the bidding frenzy kicks in and the prices go bananas.

Ocwen does not postpone foreclosure as a policy, however, if the investor (noteholder) so chooses, they can reverse the foreclosure.For instance, I have one where Freddie mac is the investor and although Ocwen did foreclose, Freddie is still reviewing our offer.The problem with this scenario, for us as investors, it is unlikely we would get to this point unless our NET to Ocwen was significantly higher than assumed NET as an REO.I have had success with Ocwen before, but they do take at least 90 days to review the SS, so I would only attempt Pre-lis pendens stuff or if your in a redemption state.

The purpose of the Aug 31 postponement is to convince HUD that Texas's existing rules on owner financing is effective enough.

Looking up some current info, I see a good portion of their sale dates are being postponed, sometimes by one month and often times by two to three weeks.

Will I be able to get the date postponed and allow me time to get the rest of my ducks in order?

I'm hoping it gets postponed, so I have time to put the funds together.