Stop Foreclosure Immediately with Reinstatement
If you can come up with the past-due amount plus fees, reinstating your loan can immediately halt the foreclosure process. Learn how reinstatement works, whether you qualify, and how to act fast.
What Is Reinstatement?
Reinstatement means paying the total overdue balance — including missed payments, late fees, and legal/collection costs — to bring your mortgage current and stop the foreclosure process.
You pay the lender the reinstatement amount; the lender records the loan as current and halts any pending auction or foreclosure steps.
Reinstatement is often the fastest way to end foreclosure — sometimes it takes effect the same day the lender receives and confirms payment.
Is Reinstatement Right for You?
You should consider reinstatement if:
You can access a lump sum to cover missed payments + fees (savings, family assistance, insurance, sale of an asset).
Your primary goal is to keep your home.
The lender accepts reinstatement (policies vary by lender and state).
There is enough time before the auction date for the lender to process reinstatement.
You might NOT qualify if:
The lender already completed the foreclosure sale.
Your mortgage servicer refuses reinstatement (some servicers stop offering it past certain stages).
You owe more in fees than you can reasonably secure.
Note: Lender policies differ. We’ll contact your servicer and confirm whether reinstatement is available in your case.
Reinstatement vs Other Options
(Quick Comparison)
Option
Best if you want to...
Speed to implement
Impact on credit
Reinstatement
Keep the home and become current
Fast — often days
Less damaging than foreclosure
Loan Modification
Change terms to make payments affordable long-term
Weeks–months
Still affects credit but less than foreclosure
Short Sale
Sell if loan > home value
2–8 weeks
Better than foreclosure, may involve lender approval
Sell to Investor
Get cash quickly and avoid auction
7–21 days
Avoid foreclosure — credit impact depends on sale terms
Step-by-Step Reinstatement Process
(What to Expect)
1. Contact your lender/servicer immediately — confirm the foreclosure status and whether reinstatement is allowed.
2. Request a reinstatement statement — this is an official document stating exactly how much you must pay (principal, interest, late charges, attorney fees, foreclosure costs).
3. Verify the amount — ask for a breakdown and a payment deadline (often tied to the auction date).
4. Secure funds — identify where the lump sum will come from (savings, family loan, liquidation of asset, bridge buyer).
5. Make payment per lender instructions — get a receipt and written confirmation that the loan is reinstated.
6. Confirm with the court (if applicable) — if your foreclosure involves court filings, ensure the court/lender notifies the clerk and removes sale action.
7. Get written confirmation — keep copies of the reinstatement statement, payment receipt, and any communications showing the loan is current.
Stop the Auction!
Start Your Free Reinstatement Review Now
We are not attorneys. This is general informational content and not legal advice. For legal advice about foreclosure or reinstatement, consult a Georgia-licensed attorney or HUD-approved housing counselor.
FAQ
❓ Can I stop a foreclosure even if I’m more than 90 days behind?
Yes. Options like modification, repayment plans, and cash sale solutions are still available.
❓ Will the bank work with me if my income went down?
Yes — temporary hardship is one of the top reasons banks approve adjustments.
❓ How long does it take before my home goes to auction in Georgia?
Georgia is a non-judicial state. Homes can go to auction faster than many expect. The earlier you act, the better.
❓ Can you help if I’ve already received a Notice of Default or Auction Date?
Absolutely. Time-sensitive options still exist depending on your lender.
❓ Does Property Jet charge for consultations?
Never. Our goal is to educate and provide options — not pressure.
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