Home Buddies – Houston Credit Repair Coach for Investors and Homeowners

How do I Postpone Foreclosure?

Ask for a postponement so you can have more time to get the necessary finances, or documentation that they need. Don’t expect them to automatically offer a postponement. Go ahead and ask for it. Show them, tell them, how willing you are to do what it takes to keep your home. The mortgage company needs time to pre-qualify you for a workout. Most often, while your file is in review with the negotiator at the mortgage company, they will place your foreclosure “on hold”, or give a postponement of the foreclosure sale date.

Losing a Sale to Foreclosure? Get a Postponement.

It’s not uncommon that Realtors, or real estate agents in general, lose a sale because the property is going or went into foreclosure. I often ask the agent selling a property, “What are you doing about the foreclosure?” These are a…