I signed up a foreclosure on Wednesday. I am buying it subto and the trustee sale is next Thursday! This one is interesting. It looks like we'll get the "loan curement amount" the day before the trustee sale. This one is too close. I'm crossing my fingers. By next week, I'll have $1000 dollars (title insurance/appraisal) into the deal so I hope it doesn't fall through. We need to pay the arrears so the foreclosure will stop.
I'm setting it up so I can re-fi in just a few months. If it works, I won't have to put any money down for the loan.
Wish me luck. I'll provide more details when I have some time this weekend.