A mortgage reinstatement is the simplest solution to avoid a foreclosure, however it can be difficult. You must pay your lender all of the back payments and any penalties to bring your mortgage current. You can 'reinstate' your mortgage up to a few days before the final foreclosure sale.

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

Drawback: Requires you be able to pay all back payments, fines and fees.

If you have a question about a short sale or need to talk to a Naples Florida short sale REALTOR feel free to contact me using the form below.

Benjamin Sovacool
Naples CDPE