Reinstatement Period
This is for CA:
"The Three (3) Month Reinstatement Period. This is the minimum period, required by law, in California, to wait before a Notice of Sale can be published and recorded. Throughout the foreclosure process, up until five (5) days prior to the Trustee’s Sale date, or postponed sale date, the borrower can fully reinstate the loan."
Now what if the trust deed says on certain defaults the note can be called and is due and payable immediately.
I had a quick chat with a law student and she said the state statute would always prevail.
People on here have discussed acceleration clauses, so how did you rectify it w/ this?null
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