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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] A postponement changes the last day to reinstate.. Posted by Ward-CA- on May 03, 2003 at 12:09 AM In Reply to: Sale Postpotments and Rigth to Reinstate posted by Jorge on May 03, 2003 at 12:01 AM : Ward: : We know that the rigth to reinstate is until 5 days before : the schedule date filed in the Notice of Sale. And after : that is up to the lender/trustee to accept just the default : amount to cancel the sale. : Does the postpotment of the sale (by any reason .. mutual : agreement, bk, lender request etc. ) automatically changes : the date that a lender/trustee is obligated by law to accept : just the default amount? : (Default amount= "whatever amount" to make the loan current : plus all the lender/trustee charges due to the process) : ================== Jorge, Yes, a postponement for any reason renews the Right of Reinstatement into the future to 5 days before the postponed date. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward: : : We know that the rigth to reinstate is until 5 days before : : the schedule date filed in the Notice of Sale. And after : : that is up to the lender/trustee to accept just the default : : amount to cancel the sale. : : Does the postpotment of the sale (by any reason .. mutual : : agreement, bk, lender request etc. ) automatically changes : : the date that a lender/trustee is obligated by law to accept : : just the default amount? : : (Default amount= "whatever amount" to make the loan current : : plus all the lender/trustee charges due to the process) : : : ================== : Jorge, : Yes, a postponement for any reason renews the Right of Reinstatement into the future to 5 days before the postponed date. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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