There are ALTERNATIVES that allow you to keep the house such as: part 2

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Services for Real Estate Pros with Laura Moore Godek, PC

REINSTATEMENT.

If you can pay the total outstanding amount owed to the mortgage company, you can continue on with the mortgage with no changes to the terms. Illinois law allows a one-time opportunity to reinstate the mortgage before the foreclosure judgment is rendered.  The payment amount and the interest rate will not change.

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Groups:
Foreclosure Help and Prevention
Foreclosure Talk
Mortgage Bankers
Mortgage Professionals
Mortgages
Tags:
foreclosure
foreclosure alternative
reinstatement

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