trustee sale date | Bay Area Short Sale Angels | Monclair | Piedmont

How Close To The Trustee Sale Date Can You Initiate The Short Sale Process?

Hi, this is Kerri from the Bay Area Short Sale Angels, :k1:'s number one short sale team. A lot of people have asked me how close to the trustee sale date can you initiate the short sale process. The trustee sale date is known as the foreclosure sale date. There's not an easy answer to that, it really depends on the bank that is servicing your loan. For the most part, as a general rule, we need at least ten days. Ten days prior to the trustee sale date to initiate that short sale and have a chance of getting it into the system and being able to get an extension on that short sale date. By no means does that mean hang out and live in your house until ten days before and then say you would like a short sale. Give your agent as much time as possible before that trustee…

Using Bankruptcy To Put Off A Trustee Sale Date

Hi, this is Kerri from the Bay Area Short Sale Angels, the :k1:'s number one short sale team. A lot of people have asked us recently about using bankruptcy as a way to put off a trustee sale date as well as to live in their home for the maximum amount of time mortgage free. People all over the internet are making claims that this actually works, however these claims are extremely exaggerated. Bankruptcy can put off the trustee sale date right before your home is supposed to be foreclosed on, and that's because it puts everything on hold. It does cost you money, however, because you have to pay an attorney to file the bankruptcy. The fees will vary depending on your attorney and the services they charge you for. I'm warning you now, though, be careful and do not hire a paralegal or use any other scam that you may see…