How does foreclosure work in Arkansas?
Arkansas uses a both (nonjudicial dominates residential) foreclosure process. The homeowner keeps title and can sell the home (keeping equity above the payoff and costs) at any time until the foreclosure sale is actually held. After the sale, all redemption rights are terminated (§18-50-108); surplus auction proceeds go to lienholders first under §18-50-109.
Can you catch up and keep your home?
Statutory right to reinstate: at any time after the notice of default and intention to sell is recorded and prior to the sale, the borrower may pay all past-due amounts plus actual costs and trustee's/attorney's fees (excluding principal not yet due absent acceleration). All foreclosure proceedings must then be dismissed and the mortgage reinstated as if no acceleration had occurred.
Until when can you sell and keep your equity?
The homeowner keeps title and can sell the home (keeping equity above the payoff and costs) at any time until the foreclosure sale is actually held. After the sale, all redemption rights are terminated (§18-50-108); surplus auction proceeds go to lienholders first under §18-50-109. See your exact dates with the free Arkansas Foreclosure Deadline Calculator.
The honest math on a Arkansas foreclosure
Every day you carry the loan, arrears, fees, and interest grow. A traditional listing takes weeks to market and 30–45 more days for a financed buyer to close — time you may not have before the sale date.
A cash sale that closes before the sale date lets you walk away with your equity instead of losing it at auction. Talk to a free HUD counselor too — you may have options beyond selling.