The Reinstatement consists of the total sum that is past due including late fees and attorney costs. Paying the past due balances will get your mortgage caught up immediately. There may be a large amount of past-due fees which could include back payments, late fees and legal expenses. Reinstatement could be accomplished if you are able to promise a lump-sum in order to bring your payments to a current status by a specific date.

These funds may come from several sources such as retirement funds, credit cards or insurance policies and may provide the security you'll need in order to remain in your home. Other options include private loans from family or friends.

A Reinstatement is the easiest way to solve a foreclosure and stop your mortgage company taking your home from you.