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Current Foreclosure Discussion Foreclosures Discussion Archive 11

Re: Workout


Posted by Linda on November 24, 2004 at 10:29:38:

In Reply to: Workout posted by Reinstatement Services, Inc. on November 24, 2004 at 10:20:35:

: Don't get hung up on delayed notification. Stick to the issue and you'll lose less sleep.

: You will have to be persistent with your lender's loss mitigation department if you are seriously interested in keeping your home. When speaking with your lender you should ask specifically about various types of workout remedy that might be considered. A loan modification or partial claim might be best suited to assist you in securing your desired goal.

: It is not too late to save your home.


What if we pay the reinstatement charges (I have requested this from the attorney)? Do they have to automatically reinstate the loan? We have about $6500 in my husbands 401k and although we would hate to lose it, we can always make that up and then still have our house. Isn't that a better and faster option?

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