Stop Your Sheriff Sale to Gain Extra Time to Stop Foreclosure

In situations where additional time is needed to sell your home, or obtain alternate refinancing, you can be very successful in gaining an extra 30-90 days to complete your transaction. Generally, a pre-approval from a lender, or an executed sales contract must be presented to the lender and their attorneys for a postponement to be granted. Always remember to send your request directly to your lender, as well as the law firm they have hired to pursue the foreclosure against your home. This way you can make sure that all parties to the transaction have a copy of your request. Many banks are notoriously disorganized, and you don't want them to use the excuse that they never received your letter.

We have been successful literally hundreds of times in convincing lenders to postpone a sheriff sale or delay the filing of a foreclosure lawsuit. In fact, we have seen homeowners use our tactics that we have refined through years of testing and use (included in our stop foreclosure book) to postpone their sheriff sale for over a year beyond the original date. But even more importantly, we have successfully worked with lenders to postpone an eviction, after the sheriff sale, for several months past the “lockout date” while we assist the former owners in finding alternatives to being kicked out of their home.

Having a sale date is not the end of the world, but it is one of the most important steps of the foreclosure process. If at all possible, you want to get your sheriff sale postponed for as long as possible. Hopefully, this will give you the time you need to work out a permanent solution and never have to worry about foreclosure again.

If you're unsure how to request a postponement, please visit our other blog entries for more information, or consider reading our e-book to view example letters that we have written. These letters have been successful for vast numbers of our clients to stop foreclosure. Ultimately, the decision to postpone the sale is in your lender's hands, but a simple, sincere request in writing can go a long way in helping you gain extra time to solve the foreclosure and get back on track with your mortgage.