Reinstatement
After the foreclosure has commenced, there is still a period where the borrower can avoid losing the property by paying the past-due amount and all other fees and costs. This is called the reinstatement period. It is a final chance to get the overdue mortgage payments paid. The sooner the reinstatement is paid and completed, the sooner the growing costs of the foreclosure stop.
In some states the court clerk (or some other official) must review and certify that a sale was properly held in accordance with law. This can take up to a month in some areas. It may be technically possible to reinstate during this period, too.
