Question

Before a foreclosure sale takes place, the default can be cured and the borrower can exit the foreclosure process by paying all delinquencies and costs in a process known as

Answer 1

The process is known as REINSTATEMENT.
A reinstatement is said to occur when a defaulting borrower brings the delinquent loan current in one bulk. It stops a foreclosure and allows the borrower to pay all the money he has been owning. Once the loan has been reinstated, the borrower resumes installment payment of the debt.