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

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Real Estate Services 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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Additional Information

I have more than 20 years of residential real estate experience represnting sellers, purchasers and creative investors. My affiliation with several title companies and in house closers assure clients and realtors closing times when needed. I am often available after hours and on weekends. I offer fixed closing fees as well as hourly rates. My office can also accomodate spanish speaking clients. If you have any questions please contact us. We'd be happy to help.