Reinstatement

What this option is

Reinstatement means paying the entire delinquency — missed principal and interest, late charges, escrow advances, and foreclosure fees and costs — in a single payment. In California you generally retain a statutory right to reinstate until five business days before the trustee sale.

How it works

1. 1

   You request a written itemized reinstatement quote from the servicer or, after a Notice of Default is recorded, from the trustee.

2. 2

   The quote carries a good-through date. The amount increases after that date because fees and interest continue to accrue.

3. 3

   You deliver certified funds or a wire exactly as instructed, before the stated cutoff time on the good-through date.

4. 4

   The default is cured, the foreclosure is cancelled, and the loan returns to its original terms and payment.

Eligibility considerations

These are the factors servicers weigh. They are considerations rather than a guarantee, and investor rules vary by loan type.

• Access to the full reinstatement amount, whether from savings, family assistance, a retirement withdrawal, a HELOC, or a state assistance program.
• You are still within the statutory reinstatement window, generally more than five business days before the scheduled sale.
• Ability to sustain the regular payment going forward, since reinstatement restores the original payment.

Required documents

Submit every page of every document. Incompleteness, not ineligibility, is the leading cause of denial.