Reinstatement

Making your loan current could avoid you foreclosure if you have the funds to repay the missed payments on your mortgage and any associated fees and late charges (typically a lump sum payment on a specific date).

A reinstatement may make sense if you:

  • Are recovering from a short-term financial hardship.
  • Are behind on your mortgage and have received a notice of default.
  • Can demonstrate to your lender that you can repay your debts and afford your monthly mortgage payment.

Be aware that there may be late fees and other costs associated with a reinstatement plan.

Reinstatement is often combined with forbearance when you can show that funds from a bonus, tax refund, new employment or other source will become available at a specific time in the future.

We are able to help with reinstatement in most case. Contact us as soon as possible..

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Text or Call (720) 336-3247