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14 Options to prevent foreclosure

Reinstatement

Catch Up All at Once. Stop Foreclosure Immediately.

Catch Up All at Once. Stop Foreclosure Immediately.

What Is Reinstatement?

Reinstatement is the simplest way to stop foreclosure—you pay the full amount past
due on your mortgage in one lump sum. This includes missed payments, late fees,
legal costs, and any penalties.
Once paid, your loan is considered current, and all foreclosure activity must stop.

Who Should Consider It?

  • Homeowners who recently experienced temporary hardship but now have
    access to funds.
  • Families helping a loved one avoid foreclosure.
  • Those who received an insurance settlement, tax refund, inheritance, or legal
    payout.

Who Should Consider It?

  1. Contact your lender or their foreclosure attorney to request a Reinstatement
    Quote.
  2. This quote will include:
    • Missed mortgage payments
    • Late charges
    • Legal fees
    • Any required escrow amounts
  3. You must pay the full amount by a specific deadline (before the auction date).
  4. Payment is typically made by certified funds (cashier’s check or wire).

Pros

  • Immediate stop to foreclosure.
  • No change to your current mortgage terms.
  • No negative mark on your credit from foreclosure.
  • Keeps your home 100% intact.

Cons

  • Requires access to a large amount of money quickly.
  • Doesn’t reduce your payment.
  • Doesn’t protect you from future hardship.

What You’ll Need

  • Mortgage statement.
  • Authorization to discuss the account (if working with a third party).
  • Reinstatement quote.
  • Certified payment method (wire or cashier’s check).

Real Example

Maria in Moreno Valley fell behind by $8,400 after being out of work for 3 months. Her
sister loaned her the full amount, and she submitted a reinstatement payment 5 days
before the auction. Foreclosure was canceled immediately, and Maria kept her 3.5%
mortgage rate.

Need Help Getting a Reinstatement Quote?

  • Our team will:
    Call your lender on your behalf.
  • Explain what’s needed and by when.
  • Help you find solutions if you’re short on funds.

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