foreclosures and short sales

Posted by sarah on June 28, 2009 at 20:08:25: Can a bid on a short sale home stop or prolong the foreclosures process? I placed a solid bid on a short sale. The owner is trying to get an investor to buy the home and sell it back to him so he will not sign off on the house. He hasn't made a payment on the home in two years. The house was scheduled to go to foreclosure tomorrow. Today he says he has an investors offer. Will this stop the foreclosure process? Can he just ignore my bid?
Follow Ups:

• Re: foreclosures and short sales - fp 05:56:33 06/29/09(0)
• Re: foreclosures and short sales - NJD 05:22:19 06/29/09(1)
  • Re: foreclosures and short sales - steele in minnesota 06:00:22 06/29/09(0)