Reinstatement
The Reinstatement amount is the total amount that is past due, including late fees and attorney costs. This amount will get your mortgage caught up immediately. Because of your financial circumstances in the past, you may be facing a sizable amount of past-due fees, including back payments, late fees and legal expenses. If you are able to promise a lump-sum to bring your payments to a current status by a specific date, you may be eligible for a Reinstatement.
Consider what funds are at your disposal. Many people have retirement funds, credit cards or insurance policies that can provide the much-needed funds to stay secure in their home. Others may seek private loans from family, friends or co-workers.
A Reinstatement will offer you the quickest method for resolving your mortgage foreclosure. With your foreclosure resolved you will be able to enjoy the security of your home again.
WORDS TO LIVE BY
Remember what the Scriptures say:
“Many are the afflictions of the righteous, but the Lord delivers them out of them all.”
Psalm 34:19
And the words of Peter:
"Beloved, do not think it strange concerning the fiery trial which is trying you, as though something strange were happening to you..." 1 Peter 4:12