If, at any time during the sale process, the Trustor requests the amount necessary to reinstate the loan, the Trustee must provide him with this information. This reinstatement figure will be comprised of the amount necessary to bring the account current, all permitted penalties, costs, interest, taxes, insurance and monies paid to keep any senior liens current.To the Beneficiary’s reinstatement quote the Trustee will add all fees and costs, as permitted by the Arizona Revised Statutes, and forward the total to the Trustor.
The permitted trustee fees may be lower than those quoted to the Beneficiary for the processing of the sale if the current unpaid principal is less than $110,000.00.Upon receipt of the reinstatement, the Trustee will record a cancellation of Trustee’s Notice of Sale which will effectively terminate the sale.
The Trustor has the right to reinstate his loan at any time prior to the date of sale, assuming that all fees permitted by the Statutes are paid at the time of reinstatement. Should he default again, we can begin the sale process over as many times as necessary.