Response to Stopping our house from being repossessed.

Jessica, I live in the U.S.A. and am very familiar with the foreclosure process here. I help people keep their property when facing foreclosure or repossession. However to help answer your question I need to know what state you live in because in the U.S. every state is different regarding foreclosure. Some states have something called a "redemption" periods others do not. Some states are Trust Deed states others are Mortgage States therefore different rules apply depending on where you live. It has been my experience (15 years worth) that the bank will not reinstate the loan if only partial payment is made. However if you are back on your feet you may be able to negotiate something called a "forebearance agreement" with your lender. Look into it. Hope this help!

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