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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