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Total Posts 1 Comments 4 Categories Loss Mitigation Sign In Sign In Friday, August 24, 2007 Foreclosure Loss Mitigation.... A Growing Trend by admin As property foreclosures continue to surge across the country, homeowners and lenders alike are seeking new ways to prevent this from happening. One method is loss mitigation. It is a set of tools the lender uses to stop foreclosure . foreclosure sale, lieu of foreclosure, loan modification, and mortgage refinancing. One main goal of loss mitigation is an agreement between the lender and homeowner to repay past due payments within an agreed upon period of time. Loss mitigation is one method being explored as a means to satisfy the needs of both lender and homeowner.
