loan and deal directly with them. Call the servicer or lender immediately and speak to someone in the loss mitigation...
Typically, loss mitigation is when a third party helps a homeowner, a division of the bank that mitigates the loss of the banks, or a firm that handles the negotiations between homeowner and lender. Using loan modifications, short sales, deeds in lieu, HUD/FHA Hope for Homeowners programs as forms of loss mitigation can help individuals and families preserve their credit and avoid home foreclosure.
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up more than 5.4%. Foreclosure plan: Federal officials announced details of the President Obama's $75 billion...
Our Citi Homeowner Assistance program and our newly launched Homeowner Unemployment Assist program are two examples.
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Top Sources: Loss Mitigation
- Los Angeles Times
- Miami Herald
- Washington Post
- CNN Money
- Baltimore Sun
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