BTW, our auction was postponed again.

We have found that it is harder in last 6 months to get the home run deals (lenders asking for more, second lien holders not just settling for a few thousand...SPO language limiting flips..lending environment) but that lenders are also just as willing to postpone foreclosures.

Today I was ready to buy but the two condos I was interested in were postponed until Tuesday.

I only ask because this house has a sheriff's sale schedule for Nov 13 and WF said they need things faxed to them 10 days prior to that date in order to postpone the sale.

I've gotten the bank, BOA, to postpone the Sheriff's sale 4 times, arguing that I need more time as we wait for the BPO to finally arrive.

* Do You Want to Postpone Foreclosure and Deficiency Judgments?

There have been 5 postponements before but the bank has started cleaning up the property so I think the forclosure is near.

Congratulations, Tim on getting the auction postponed.

Keep in mind that during that whole process, the bank never took the homeowners out of foreclosure, they just kept postponing the foreclosure sales date by 30 days as long as they are receiving the pmts from the court.

In down times, HOAs tend to postpone fee increases and postpone maintenance.