InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Annulling the trustee sale? Posted by Hamster on September 05, 2008 at 4:25 PM This is not 100% on topic in this forum, but maybe someone can help me here. Is it possible for the lender to "annul" (postpone retroactively) a trustee sale in which there were no bidders and the house went back to the lender? Also, have you ever heard about this happening? Here's why I'm asking. I had an offer on a short sale. A couple of weeks ago the bank rejected my offer, selling agent withdrew the listing, and the house went to the auction. The house was offered at the courthouse steps and went "back to beneficiary". I know it, I was there. Yesterday the MLS listing suddenly popped back up with a comment "back on the market". Same pictures, same price, same listing agent, etc. Our agent inquired, he was told that the sale was postponed. (??) This does not make much sense to me. Either I don't understand something about the process, or something fishy is going on. Follow Ups: Moot Point Tom 1:28 PM, 09/06/08 (3) Rodent Conspiracy Theories... Rick, the Probate Guy 3:49 PM, 09/07/08 (1) I can't believe it! Tom 7:24 AM, 09/08/08 (0) Re: Moot Point Hamster 0:38 AM, 09/07/08 (0) Yep, ask Rep. Richardson Juel 1:15 PM, 09/06/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : This is not 100% on topic in this forum, but maybe someone can help me here. : Is it possible for the lender to "annul" (postpone retroactively) a trustee sale in which there were no bidders and the house went back to the lender? Also, have you ever heard about this happening? : Here's why I'm asking. : I had an offer on a short sale. A couple of weeks ago the bank rejected my offer, selling agent withdrew the listing, and the house went to the auction. The house was offered at the courthouse steps and went "back to beneficiary". I know it, I was there. : Yesterday the MLS listing suddenly popped back up with a comment "back on the market". Same pictures, same price, same listing agent, etc. Our agent inquired, he was told that the sale was postponed. (??) : This does not make much sense to me. Either I don't understand something about the process, or something fishy is going on. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2008, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455