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- Loss_mitigation abstract "Loss mitigation is used to describe a third party helping a homeowner, a division within a bank that mitigates the loss of the bank, or a firm that handles the process of negotiation between a homeowner and the homeowner's lender. Loss mitigation works to negotiate mortgage terms for the homeowner that will prevent foreclosure. These new terms are typically obtained through loan modification, short sale negotiation, short refinance negotiation, deed in lieu of foreclosure, cash-for-keys negotiation, a partial claim loan, repayment plan, forbearance, or other loan work-out. All of the options serve the same purpose, to stabilize the risk of loss the lender (investor) is in danger of realizing.".
- Loss_mitigation wikiPageExternalLink faqlm.cfm.
- Loss_mitigation wikiPageID "18293180".
- Loss_mitigation wikiPageRevisionID "545900580".
- Loss_mitigation hasPhotoCollection Loss_mitigation.
- Loss_mitigation subject Category:Banking.
- Loss_mitigation subject Category:Mortgage.
- Loss_mitigation subject Category:Real_estate.
- Loss_mitigation subject Category:Real_property_law.
- Loss_mitigation comment "Loss mitigation is used to describe a third party helping a homeowner, a division within a bank that mitigates the loss of the bank, or a firm that handles the process of negotiation between a homeowner and the homeowner's lender. Loss mitigation works to negotiate mortgage terms for the homeowner that will prevent foreclosure.".
- Loss_mitigation label "Loss mitigation".
- Loss_mitigation sameAs m.04cs4h1.
- Loss_mitigation sameAs Q6683728.
- Loss_mitigation sameAs Q6683728.
- Loss_mitigation wasDerivedFrom Loss_mitigation?oldid=545900580.
- Loss_mitigation isPrimaryTopicOf Loss_mitigation.