Reinstatement and Payoff to Prevent Foreclosure & Your Legal Rights
Two methods to halt a foreclosure include reinstatement and payoff. Reinstatement requires a one-time payment to bring the loan current. On the other hand, payoff means remitting the complete outstanding loan balance to the lender. (Payoff prior to a foreclosure sale is typically called redemption, an equitable entitlement accessible in all states.) You can inquire […]
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