The primary means of resolving loan default is to figure out a repayment plan which will allow you to pay back some of the past-due amount every month, along with your regular monthly payment.
Many homeowners qualify for a repayment plan covering the total they're overdue if their financial condition has stabilized.
The vast majority of homeowners who are in financial hardship are there only in the short-term and do have the ability to climb out of this financial hole if only given sufficient time.
However, if you do have the ability to repay the delinquent amount you will still be required to provide enough financial information proving you are now capable of making the payment. Remember, the monthly repayment amount is in addition to your regular mortgage loan payment.
The mortgage repayment plan is broadly accepted by mortgage lenders. If you fill out detailed information of your income versus your expenses you will be able to prove to the mortgage lender exactly what payment will work with your current financial condition, along with how big of a down payment you are able to make.
Doing this brings your mortgage up-to-date immediately and keeps you safe in your home.