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2. What is loss mitigation? - AOL

   www.aol.com/finance/loss-mitigation-131710263.html

   Loss mitigation is a way for mortgage lenders to help borrowers who are struggling to make their monthly payments avoid losing their homes. You can keep your home with many loss mitigation options ...

3. Loss mitigation - Wikipedia

   en.wikipedia.org/wiki/Loss_mitigation

   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.

4. Loan modification in the United States - Wikipedia

   en.wikipedia.org/wiki/Loan_modification_in_the...

   Loan modification is the systematic alteration of mortgage loan agreements that help those having problems making the payments by reducing interest rates, monthly payments or principal balances. Lending institutions could make one or more of these changes to relieve financial pressure on borrowers to prevent the condition of foreclosure.

5. Mortgage loan modification: What it is and how to get one - AOL

   www.aol.com/finance/mortgage-loan-modification...

   FHA loan modification: There are a few options for an FHA loan modification, ... Contact your servicer’s loss mitigation department and ask for a loan modification. Keep a careful record of the ...

6. Loan modification vs. refinance: Which option is best for you?

   www.aol.com/finance/loan-modification-vs...

   A loan modification, on the other hand, is a loss mitigation option you might need to do if you are struggling to make mortgage payments. Without a loan modification, you risk going into default ...

7. Hope Now Alliance - Wikipedia

   en.wikipedia.org/wiki/Hope_Now_Alliance

   Hope Now describes the assistance that it provides to homeowners as loan workouts, a form of loss mitigation. These workouts can either result in establishing a modified repayment plan with the homeowner to bring them up to date, or a loan modification where the terms of the mortgage are modified in order to make the loan serviceable for the ...

8. 'It has just wrecked my whole life': Texas woman, 85, says ...

   www.aol.com/finance/just-wrecked-whole-life...

   Mortgage modifications are commonly for borrowers facing financial hardship. They can provide relief by altering the terms of a loan, such as the period of repayment or interest rate. Modifying a ...

9. Loan modification company - Wikipedia

   en.wikipedia.org/wiki/Loan_modification_company

   A loan modification company, also known as a mortgage modification company, is a business that helps homeowners in the United States modify the terms of their home loans or mortgages. When a mortgage is modified, the original terms of the home loan contract between a lender and a borrower are renegotiated and then altered, usually in the favor ...