Legally known as reinstatement, simply put this form of ending the foreclosure process is to make the back payments current.  It is the most direct, fastest means of preventing a foreclosure; however for most people it is often difficult.

To determine the amount due, the homeowner should contact their mortgage lender and request the total amount owed for missed payments and penalties as of a specific date, and then pay it on time. This solution does not require the lender's approval and will 'reinstate' a mortgage up to the day before the actual foreclosure sale.

• Does not require the mortgage company or lender's approval.

• Requires that a homeowner be able to pay all back payments, fines and fees.

IMPORTANT NOTICE: Guarantee Real Estate is a real estate broker. The service we provide is to assist in the sale or purchase of real property.  We do not negotiate with lenders in an effort to modify mortgages.  It is strongly recommended that you seek appropriate professional tax or legal counsel regarding the transfer of real estate.  Guarantee Real Estate is not associated with the government and our service is not approved by the government or your lender.  Even if you use our service, your lender may not agree to change your loan.  If your home is listed for sale, please do not consider this as a solicitation to list your property..