Foreclosure Alternative – Repayment Options

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Some of our foreclosure or pre-foreclosure clients fell behind on their mortgage loan, but now have the ability to make payments and simply need a solution to get caught up or to pay off their loan. If you find yourself in this situation, call our attorneys to discuss one of the structured repayment options below.


The term reinstatement means to pay the amounts past due on your mortgage loan. For example, if your monthly mortgage payment is $1,500.00 and you have fallen behind for 6 months, then your reinstatement amount is $9,000.00 ($1,500 x 6 = $9,000), plus additional collection fees and costs incurred by the bank.
A direct correlation exists between the expediency in which our clients reinstate their mortgage loan and the amount of the reinstatement figure. The sooner our clients reinstate, then the lower the reinstatement amount owed to the bank because less monthly mortgage payments have been missed. Once reinstatement occurs, the foreclosure lawsuit will be dismissed and you will continue making your regular monthly mortgage payments.

Short Payoff

This means that our clients pay a lump sum amount or a few lump sum payments in order to pay off the loan in full for less than the full amount owed to the bank. For example, if you owe $250,000.00 on the mortgage loan then our attorneys will try to negotiate an amount less than $250,000.00 to pay off the loan in full. Once successfully negotiated, this option will end a foreclosure lawsuit and result in a satisfaction of the mortgage in full.


This option is available to our clients: 1) who have a small mortgage loan and can pay off the amount in full; or 2) who have significant funds available through a funding source, investor, or in savings. This foreclosure alternative allows you to pay the entire amount owed to the bank in full in one lump sum payment, or a series of several lump sum payments over a short period of time.

Contact us online or call our attorneys to discuss these options!

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