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Foreclosure/Foreclosure Extension

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Expert: Dennis Herman - 9/5/2009


Question
What does it mean when a forclosure date is extended?

Answer
In marketing an extension if referring to the listing.  The bank may grant a contract to a broker to list the property for six months.  If the property does not sell, the listing contract may be extended.  

I am not sure if an actual foreclosure can be extended.  Usually a court date is set for a hearing and I have not heard of the date being changed once the papers have been filed.  It may be possible though.

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Dennis Herman

Expertise

I can answer questions on Real Estate such as question on writing an Offer to Purchase. What can go wrong after an offer is written? What is Buyer Agency and what will it do for me? What is a foreclosure? What is the difference between a foreclosure, a bank owned property and a short sale? What is the best way to locate a property? What steps can be taken to avoid foreclosure? How do Real Estate Agents get paid? How can I quickly build equity in a home? How do I view homes? What types of homes will have the best prices? How do I choose an agent? What types of financing are available?

Experience

Residential and commercial real estate. New home purchases. Buyer Agency. First time home buyers. Foreclosures, bank owned properties, estate sales and short sales.

Organizations
Greater Milwaukee Realtors Association Wisconsin Realtors Association National Association of Realtors

Publications
http://activerain.com/bloghome

Education/Credentials
State of Wisconsin Licensed Real Estate Sales Agent Accredited Buyer Agency Training Relocation Training Certified Senior Citizen Representative Wisconsin Real Estate Continuing Education

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