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ProCouncil Advisory ProCouncil CEO, Richard Ivar Rydstrom, J.D. Biography Richard Ivar Rydstrom is the creator of HotNeutral products including DefaultReferral, OptInSettlement, BKMods, OptInMods, Shared Built In Equity Mortgage, Quarantined Built In Equity Shared Appreciation Mods, LitigationFreeZone, and OptInSafeHarbors. Mr. Rydstrom runs an attorney financial workout firm in Southern California with emphasis in default and distressed assets and loans for commercial and residential clients (www.workoutattorneys.com). DefaultReferral is the first HotNeutral product on target to be implemented with special default servicers. DefaultReferral is expected to be an alternative to the old foreclosure-first approach, pre the 2007 mortgage meltdown. DefaultReferral uses other HotNeutral loan modification products coordinated through the HotNeutral-AFN® network. While always focused principally on first and second lien residential mortgages, loan types serviced include secured consumer loans, credit cards, and commercial mortgages. Collateral types included residential dwellings, all manner of vehicles, and commercial property. * CMIS Launches Four Task Forces: Person of the Week Richard Ivar Rydstrom, Chairman Click here for more info.
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