To make sure you pay everything necessary, you must contact whoever is servicing your mortgage account to receive a quote for the amount needed to cure your default. The quote will be valid through a specific payoff date. Once you have that deadline, don’t wait until the last minute to pay. You’ll be expected to pay not only the back payments you owe but also any expenses the lender incurs through the process of getting you back on track. For example, the quotemight include: ; ; all back payments you owe ; ; current payments projected through the payoff date ; ; late fees, if applicable ; ; cost of any property inspections ; ; fees or other costs for the lender’s attorney or the trustee, possibly including a recording fee for the Notice of Cancellation ; ; other expenses incurred to protect the lender’s interest in your house ; ; where — or to whom— you must send your payment to be properly credited against your account Check your loan documents to find out whether your deed of trust or mortgage specifies a specific deadline for reinstatement. The applicable section might have a heading such as, “Borrower’s Right to Reinstate.” The state in which you live also might require you to reinstate by a specific deadline, such as close of business on the day prior to the sale. If all else fails, you can appeal to the lender directly to allow you to reinstate. If the lender is motivated to get you back on track with your payments, they might be accommodating on the
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