Home Retention

There are times when foreclosure is the only legal avenue to recover a client’s financial investment. However, as an alternative to foreclosure, loss mitigation can save clients thousands of dollars in foreclosure costs and may also preserve customer relationships. At times, loss mitigation opportunities also offer resolution to expenses connected with poor or non-performing loans.

Reisenfeld & Associates has a full-service in-house Home Retention Department. We understand how stressful it can be for borrowers who are facing foreclosure. Time is of the essence and swift action is needed to find an alternative to foreclosure. We proactively reach out to those borrowers currently in default and work with both the client and the borrower to find successful alternatives to foreclosure.

Some loss mitigation alternatives we offer include:

Deeds-in-lieu of Foreclosure

The borrower voluntarily transfers title to the property to the lender to avoid foreclosure.

Reinstatement

The borrower brings the loan current by paying all amounts past due on the account.

Repayment Plan/Forbearance Programs

The lender agrees to put the foreclosure on hold while the borrower makes monthly payments to gradually bring the loan current.

Pay-offs

The borrower pays the loan in full.

Short Sale

The lender agrees to accept less than what is owed in full satisfaction of the loan through a sale to a third party.

Loan Modifications

The lender agrees to modify one or more of the terms of the note and mortgage to make the payments more affordable to the borrower.

If Reisenfeld & Associates represents your mortgage company and is attempting to collect a debt from you, we may be able to assist you with one of the above options. In order to be considered for any of these options, you must complete a financial work-out package.

Call us today at 1-888-399-7750 or click here.

Cincinnati Office 3962 Red Bank Road
Cincinnati, OH 45227

Cleveland Office 815 Superior Ave., Suite 1311
Cleveland, OH 44114

Indianapolis Office 9292 N. Meridian St., #208
Indianapolis, IN 46260

Kentucky Office 1212 Bath Ave., #535
Ashland, KY 41101

West Virginia Office 618 10th St. Suite 108
Huntington, WV 25701

California Online Privacy Protection Act

CalOPPA is the first state law in the nation to require commercial websites and online services to post a privacy policy. The law’s reach stretches well beyond California to require a person or company in the United States (and conceivably the world) that operates websites collecting personally identifiable information from California consumers to post a conspicuous privacy policy on its website stating exactly the information being collected and those individuals with whom it is being shared, and to comply with this policy. - See more at: http://consumercal.org/california-online-privacy-protection-act-caloppa/#sthash.0FdRbT51.dpuf

According to CalOPPA we agree to the following:
Users can visit our site anonymously
Once this privacy policy is created, we will add a link to it on our home page, or as a minimum on the first significant page after entering our website.
Our Privacy Policy link includes the word ‘Privacy’, and can be easily found on the page specified above.

Users will be notified of any privacy policy changes:

  • On our Privacy Policy Page

Users are able to change their personal information:

  • By emailing us

How does our site handle do not track signals?
We honor do not track signals and do not track, plant cookies, or use advertising when a Do Not Track (DNT) browser mechanism is in place.