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FAQ

What is a Reinstatement Figure?

Posted by Stefen K. Shamberg | Jan 24, 2023

If you are delinquent in your mortgage you can cure the issue by paying the Reinstatement.  That would require your remittance of a one-time payment consisting of your arrearage, any late fees, escrow advances, as well as the Court costs and Attorneys' fees incurred by the mortgage servicer if they have filed a foreclosure action.

Once those funds are remitted and clear the servicer's account, their Attorneys will file a Dismissal with the Court concluding the foreclosure proceeding.

About the Author

Stefen K. Shamberg
Stefen K. Shamberg

Originally from the Cleveland area, Stefen was principally raised in Mansfield, Ohio.  Upon graduating from high school he attended Kent State University obtaining a Bachelor of Arts Degree, majoring in Political Science.  Interested in the legal profession from an early age, he subsequently earn...

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Shamberg & Associates is committed to answering your questions about Bankruptcy, Foreclosure Defense, Breach of Contract Defense, and Debt Settlement. So contact us today for an Initial Free Consultation at (216) 691-7800.

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