Sheriff Sale

[mountanddo]

My BF's was notified 2 months ago that the bank would hold the Sheriff sale today. He went down to the courthouse and was told that his house was not on the docket. (I know he didn't have to go but he's the curious type). When he got home he got a letter in the mail saying the sale was postponed until February.

Does anyone know typically why they would postpone the sale? Was their no interest in the house and decided to postpone due to that? The decision to postpone was obviously not last minute as he got the letter today. They told him at the courthouse that the bank didn't even have to notify him it was postponed.

Just wondering why they might do that and if it might happen again.

[shark66]

Not knowing where you are, I'll throw in my two cents from where I am..

There are only so many houses that can be sold in one day, even if all of them get sold to the mortgage banks with no bidding involved. In many areas where foreclosure is rampant, the lists get longer and longer, pushing the sale dates sometimes for months and months and months, over and over again...

Someone who lives half a mile away from me had their foreclosure sale pushed three times, three months ahead each time. Then, a day before the sale was finally about to happen (they were first on the list) they filed a Ch. 7...

That was last year and they're still in the house...good for them.

Good luck to us all.