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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Reinstatement limits... Posted by Ward-CA- on March 08, 2004 at 11:09 PM In Reply to: reinstatement question posted by gcastro on March 08, 2004 at 10:42 PM : Ward, I read that after the notice of trustee sale is posted, and advertised, you can no longer reinstate the loan, and that the only way to save the owner's home at that time is by paying the entire amount due. Can you please elaborate a litle on this one? - I had never heard of such a thing. : Gonzalo ================ Gonzalo, The Right of Reinstatement runs up to 5 business days before the scheduled sale. During the 5 days the beneficiary can insist on a full loan payoff of all monies due, or use their discretion to continue to allow a reinstatement instead of a total payoff. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, I read that after the notice of trustee sale is posted, and advertised, you can no longer reinstate the loan, and that the only way to save the owner's home at that time is by paying the entire amount due. Can you please elaborate a litle on this one? - I had never heard of such a thing. : : Gonzalo : ================ : Gonzalo, : The Right of Reinstatement runs up to 5 business days before the scheduled sale. During the 5 days the beneficiary can insist on a full loan payoff of all monies due, or use their discretion to continue to allow a reinstatement instead of a total payoff. 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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