Well back in February I had a client interested in purchasing an auction property at the trustee's sale. I posted questions and did a lot of research until we both felt confident in our decision to jump in and decide to place a bid. We had located the property, and were anxiously awaiting the day of the auction and what the opening bid would be. One day before the auction it was postponed for 1 month. Bummer. We were sad but felt like 1 month wasn't that long to wait. We continued searching and found a few other properties to bid on. Same thing, postponed. 1 month came and guess what, our original house was postponed again. This time to April 27th. So, here we are again. One week from auction and crossing our fingers it doesn't get postponed again. I think the most frustrating part of it is that we have no idea what the opening bid is going to be. If we at least knew that, then we would know if we can even bid on it or not. I mean, really, if it is over our price range, then we could at least have closure and move on.
Even while we are waiting on the auction properties we have still been searching for homes through short sales and foreclosures. Even those are not working out for us. My poor buyer is getting frustrated and who can blame her. Starting the process last July as an excited buyer has now led to a beaten down person who wonders if they will ever get a home. Luckily they don't have to move into it right away, but still how hard is it to find a house? She has cash and is ready to move but these short sales haven't been getting accepted. Maybe we are just picking the wrong houses.
All we can do is keep looking, continue to submit offers and wait. But I am hoping next Wednesday afternoon I will have an update that reads something like this: "Success at the Trustee Sale Auction"! Until then, we will just keep plugging away.