A homeowner has up until 5 days before the foreclosure sale to cure the default and to stop the foreclosure process. This is called “reinstatement” of the loan. During the 21-day period after the lender is authorized to sell the home, any person or institution (like a bank) with an interest in the home has the right to redeem the home up until the nonjudicial foreclosure sale or auction. This means that they must pay the entire loan in full.