Reinstatement- Bringing the loan current plus fee's. This is when you “catch up” and bring your mortgage current. Some of the fees may include interest of the missed payments, legal fees, lost profits and other various fees from each lender. There are many ways to get “reinstated” once the mortgage has gone into default. Some of these are very creativeand we can talk to you further- but here are some possibilities:. You could borrow the amount of backpayments from family or friends, use a 0% credit card, pay for it with the blank checks from credit card companies, get a pay advance from your employer, get a debt consolidation loan from a credit union or bank (be very careful with this option), put a vehicle up for collateral on for a secured loan from a bank or credit union, or sell some personal belongings to catch up.
 

If you need more information on how we may help you navigate through this process, email or call us now!