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| Loss Mitigation
is an attorney-backed process that helps those that cannot meet the
financial obligations of their mortgage. It is for borrowers that
can't refinance due to high LTV, bad credit, late mortgage payments,
an interest rate that is adjusting, or other financial hardship. Loss
Mitigation may help them through Loan Modification (rate reduction,
rate locks, principal reduction, forgiveness of payment defaults,
etc), Short Sale Negotiation, Deed in Lieu of Foreclosure, or
Cash-for-Keys Negotiation. |
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