Some persons will default as a result of bad advice (from a lawyer or otherwise) or stubbornness on a problem.
The most cost-effective strategy to avoid a foreclosure or trustee’s sale is to pay the whole amount due, including past payments, late fees, penalties, and trustee fees, before the Trustee’s Sale date. Don’t assume that everyone is in default because they can’t afford to pay their bills on time. If you want to save your home and have the means, it’s usually advisable to pay them and then go to court to resolve the concerns.
Request the “reinstatement” amount in writing, and keep a copy for your records.
Reinstatement: Send the full amount to the lender by certified mail with return receipt requested (arranged at the Post Office) so you can confirm that you sent the money and that the lender got it. BE SURE TO HAVE IN WRITING FROM THE LENDER AND TRUSTEE THAT THE TRUSTEE’S SALE HAS BEEN CANCELLED IF YOU PAY ALL THAT YOU OWE. If you’re having problems getting the lender to inform you the exact amount due on the date you’ll be able to pay it, hire a lawyer.
By Site Producer|Published On: August 23rd, 2022|Last Updated: September 21st, 2022|
Diane is a well respected Arizona bankruptcy and foreclosure attorney. As a retired law professor, she believes in offering everyone, not just her clients, advice about bankruptcy and Arizona foreclosure laws. Diane is also a mentor to hundreds of Arizona attorneys.
*Important Note from Diane: Everything on this web site is offered for educational purposes only and not intended to provide legal advice, nor create an attorney client relationship between you, me, or the author of any article. Information in this web site should not be used as a substitute for competent legal advice from an attorney familiar with your personal circumstances and licensed to practice law in your state. Make sure to check out their reviews.*
5 / 5
“You folks are the BEST OF THE BEST in Arizona.” M.H.
You and Jay are the best attorneys I have ever had or needed and thank God for the Honorable Robert Gottsfield in recommending you folks – I would have never made it through the entire process without you and Jay and God Bless you both always and stay in touch as well. You folks are the BEST OF THE BEST in Arizona.
5 / 5
“My only regret is that I didn’t find Diane sooner.” K.H.
I can’t say enough good things about Diane. The way she handled my not typical circumstances was amazing. I was very nervous to start the bankruptcy process but Diane just has a very comforting way of explaining the whole process. My only regret is that I didn’t find Diane sooner. If you find yourself in a financial situation that you can’t correct on your own, please Call Diane Drain as soon as possible.
5 / 5
“Filing for bankruptcy can be a stressful life event” R.A.
Filing for bankruptcy can be a stressful life event, and selecting the right attorney can add to this stress. Diane and Jay were a pleasure to work with, and it is obvious that they are passionate about helping people get their life back on track. I would highly recommend them if you need a bankruptcy attorney.
We are a debt relief agency; we help individuals and small businesses through the bankruptcy process. Attorney Advertising. This website is designed for general information only. Any information you obtain from this website should not be construed as legal advice, nor as grounds for forming an attorney-client relationship. You should consult an attorney for information on obtaining formal legal advice.