My condo is up for short sale while in the foreclosure process. As expected I received the NOS yesterday. It stated, "Twenty days or more after the date of this notice, this property may be sold at foreclosure." The funny thing is that there no date listed anywhere on the notice and post mark also does not have a date.
My questions are:
1 – Will I receive another notice with the date of the sale? If so, approx how many days notice do they give?
2- Does anyone know the protocol for foreclosures that have an offer on the property? i.e. What are the chances of the NOS being delayed?
Thanks for any input you may have.
Stats:
Southern CA
Ch 7 BK discharge 01/2010 - Did not reaffirm home
Mortgage – 1st – GMAC - $198K; 2nd – Citi Mortgage - $68K
Value - $127K
Last Payment on 2nd: 11/2009
Last Payment on 1st: 02/2010
NOD: filed on 07/22/2010
Submitted buyer’s short sale offer to bank: 10/20/10
NOS: received on 10/25/10
My questions are:
1 – Will I receive another notice with the date of the sale? If so, approx how many days notice do they give?
2- Does anyone know the protocol for foreclosures that have an offer on the property? i.e. What are the chances of the NOS being delayed?
Thanks for any input you may have.
Stats:
Southern CA
Ch 7 BK discharge 01/2010 - Did not reaffirm home
Mortgage – 1st – GMAC - $198K; 2nd – Citi Mortgage - $68K
Value - $127K
Last Payment on 2nd: 11/2009
Last Payment on 1st: 02/2010
NOD: filed on 07/22/2010
Submitted buyer’s short sale offer to bank: 10/20/10
NOS: received on 10/25/10
Comment