Can our equity be saved? | Just Ask Jan

Dear Jan: Because my husband lost his job, we have not been able to make our house payments. We have received notice of our foreclosure date.

Our home is on the market now. Is there a way to stop the foreclosure sale? We have a tiny bit of equity that we hate to lose. Thank you. — SDSB

Dear SDSB: I am sorry to hear about your life circumstances. My experience is that a foreclosure sale can be stopped but it takes perseverance on your part and on your agent’s part.

I was recently able to stop a foreclosure sale. The key was to have a written offer in hand. Once we had an offer, the seller called the lender to tell them of the offer. The lender requested that the offer be faxed to them. The seller also faxed a letter giving the lender authorization to talk to me.

I made the next call, to the trustee that was handling the foreclosure. I emailed the trustee the offer and letter of authorization. The trustee and I spoke again and I was able to explain that we had a quick closing date and the trustee agreed to contact the lender to see if the sale could be postponed. The lender agreed and they extended the date of foreclosure out past our closing date. We were then able to successfully close the transaction; therefore, there was no need to foreclose and the seller could keep their equity.

I wish you better days ahead. — Jan

— Jan Zufelt is a broker with John L. Scott Real Estate in Kingston. Contact her at

More in Business

Graham hired has Poulsbo Chambers’ new member support associate

POULSBO — The Poulsbo Chamber of Commerce has hired Joey Graham of… Continue reading

Airlift Northwest expands service to Olympic Peninsula

Medical transportation company now has a flight base at Bremerton National Airport.

Holly Duncan helps promotes Small Business Saturday at ISH Vintage Costumes and Clothing, located at 249 4th St., Bremerton. ISH has been put on the market by owner Collette Jones.
                                (Michelle Beahm | Kitsap News Group file photo)
ISH Vintage Clothing for sale after 13 years in business

Collette Jones wants to find the right person to take over and ‘give it the time and energy it needs.’

Learn about Bitcoin, Blockchain on Feb. 20

What will these technologies mean to your life?

Shiplet is new executive director of Kitsap Building Association

Represents builders, subcontractors and related service providers

Need help with tax returns? Assistance is nearby

Free service available in six county towns until April 15.

Longtime hospitality executive Sam Askew returns to Port Madison Enterprises

Succeeds Russell Steele, who retired after helping guide 17 years of economic growth

Carter & Co. hopes to reopen before Valentine’s Day

In spite of past turmoil, owners are happy to be back on Bay Street

Kitsap Bank donating $435,000 to area nonprofits

The financial institution is ranked seventh-largest midsize corporate philanthropist in state.

Annika Creed, 1, gets her first dental checkup at last year’s clinic. Her father, Jeremy Creed, is a Navy Reservist. Creek and his wife, Amy Creed, are owners of Amy’s On The Bay and Sidelines in Port Orchard. They came out to support veterans in the South Kitsap community. (Courtesy photo)
Dental team is giving back to veterans

Dr. Schoepflin’s Port Orchard team is joining with VFW Post 2669 to provide dental services to vets.

Assessed value versus market value

Dear Jan: We are buyers, shopping for a home in this crazy… Continue reading

Sidney Art Gallery clearing out old merchandise

The nonprofit making way for new items.