mortgage owners

What Are Loss Mitigation Options?

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What Are Loss Mitigation Options? Some loss mitigation options, such as a loan modification, forbearance agreement, and repayment plan, allow the borrower to stay in the home. Other options, like a short sale or deed in lieu of foreclosure, help a borrower give up the property without going through foreclosure. How do you qualify for

What Is The Loss Mitigation Process?

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What Is The Loss Mitigation Process? Loss mitigation refers to the steps mortgage servicers take to work with a mortgage borrower to avoid foreclosure . … Loss mitigation options may include deed-in-lieu of foreclosure, forbearance, repayment plan, short sale, or a loan modification. What is a full loss mitigation? A complete loss mitigation application means