Special Forbearance & Other Loss Mitigation Options?

Answer When circumstances, such as job loss or illness, make it difficult for homeowners to make their mortgage payments, the possibility of foreclosure can be troubling. However, homeowners have some opt... Read More »

Top Q&A For: Special Forbearance & Other Loss Mitigation Opt...

What is the meaning of loss mitigation?

Loss mitigation is when a third party hired by the homeowner, bank division or a private company mediates a negotiation between the lender and borrower to help avoid a foreclosure. There are sever... Read More »

Loss Mitigation Procedures?

If you are falling behind on your mortgage payments because you have lost your job, lost time from work because of an illness or disability, or have had to care for a sick loved one, there are step... Read More »

What is the definition of loss mitigation?

Loss mitigation is the practice of preventing default and/or foreclosure on a home or property loan. It has become an important field of expertise for banks and mortgage companies seeking to lessen... Read More »

Are loss mitigation specialists a rip-off?

On One Hand: Help Saving Your HomeLoss mitigation specialists are supposed to be experts in assisting homeowners with saving their home from foreclosure. Most have experience in the real estate or ... Read More »