iS THE REINSTATEMENT AMOUNT FOR A PENDING FORECLOSURE NEGOTIABLE?

Well, while the general answer to a “negotiations question’ is that anything is negotiable, in my experience, the bank’s attorneys aren’t going to budge on these numbers.  While it may not hurt to try, if you go past the reinstatement date, that offer will likely be off the table, and you’ll be looking at higher fees.  Generally, if you have the money, stay out of the foreclosure process.  It is a messy process and the cards are stacked against you in most circumstances.  However, that said, you may find it useful to sit down with an attorney to discuss your matter in detail.  Each case is different, and an attorney will be able to tell you what, if any, leverage you could have to negotiate.  My answer is based in my experience, and, unfortunately, that tells me that the only direction those late fees and legal fees are likely to go is up.