Stopping Foreclosure Through Reinstatement In situations where a borrower is behind on their mortgage payments, they have the option of paying back all of the arrears and getting back up to date in one payment, called a mortgage reinstatement. Reinstatements are a means of stopping a foreclosure or sheriff sale and becoming current on a […]
Why Won’t My Lender Let Me Reinstate My Mortgage Loan?
What is Mortgage Reinstatement? If a borrower is behind on their mortgage loan payments, they may be in a position to pay back all of the arrears on the loan and become current again in one payment. This is known as mortgage reinstatement, and is a method of stopping a foreclosure or sheriff sale. In […]