The Trustee will respond to any written request for current payoff or reinstatement amounts within 10 days of receipt of your written request. Your mortgage loan is in default.The note represents the promise or agreement of the homeowner. Under Judicial Foreclosure: Your mortgage lender must file suit in the court system. You'll get a letter from the court demanding payment. In a loan reinstatement, you need to find just enough cash. Learn how the Washington foreclosure process works, including preforeclosure steps, foreclosure procedures, and homeowner rights. This includes mortgage, car loan, student loan, personal loan, and other types of loan. Most mortgage loans give a grace period of ten to fifteen days, for example, before you'll incur late charges. The servicer may send a Notice of Pre-Foreclosure Options letter after the missed payment.