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Reinstatement to Avoid Foreclosure


Reinstatement occurs when the borrower brings the delinquent loan current in one payment. Reinstating a loan stops a foreclosure because the borrower is allowed to catch up on payments in default, as well as past-due fees, costs, and penalties, incurred as a result of the default. Once reinstated, the borrower resumes making regular payments on the loan.

Contents of a reinstatement quote/letter. To reinstate a loan, you must first find out the amount needed to reinstate. You do this by requesting a reinstatement quote or reinstatement letter. The reinstatement quote will show the exact amount needed to cure the default as well as a good-through date for the amount. The quote will include:

  • all of the back and current payments now due
  • any applicable late fees
  • the cost of any property inspections
  • the attorney/trustee fees and costs for the foreclosure procedure
  • other expenses incurred to preserve and protect the lender's interest in the property, and
  • often a recording fee for the notice of cancellation of the sale.

Timeframe for reinstating a loan. Sometimes, the deadline to reinstate a loan is 5:00 p.m. on the last business day before the sale date (but not always). However, it is risky to wait until the last minute to reinstate. If the funds are not delivered on time, the foreclosure sale will proceed. This means if there is a delay in courier service or a bank processing error, you could lose your home. If possible, present the funds in person to the proper contact (which will be designated in the reinstatement quote) well before the sale date. Or, if you mail in your reinstatement funds, send the check via an overnight courier so that it can be tracked.

Need a Re-Instatement Loan?  We have a SOLUTION....

RE-INSTATEMENT LOAN Program Overview:

The Mortgage Reinstatement Assistance Program (“MRAP”) is a Privately funded programs developed to provide temporary financial assistance to eligible homeowners who wish to remain in their homes, but are in imminent danger of losing their home to foreclosure.

CRES provides funds to assist income-qualified homeowners to help them cure their delinquent first mortgage loan arrearages, which may also include payments needed to reinstate their loans from foreclosure. 

Easy Qualification with many different programs available for Re-Instating your Loan...


Submit your info below for a FREE NO-HASSLE SOLUTION...

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1Last NameLast Name * 100 0Text
1Property Address, City , State & ZipProperty Address, City , State & Zip * 300 0Text
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1EmailAddressEmail Address * 110 0text
1Months BehindHow many months are you behind? * 100 0Text
1Amount BehindApproximate Amount you are behind? * 100 0Text
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CRES | Creative Real Estate Solutions
" We Buy Houses "

1350 Scenic Highway
Suite 266
Snellville, Georgia 30078
(678) 796-8303



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