Loss Mitigation Definition | Bankrate
https://www.bankrate.com/mortgages/loss-mitigation/
Key takeaways 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, such as forbearance and loan modification. If you're falling behind on your mortgage payments, contact your lender right away and ask about their loss mitigation options and how you can apply.
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, such as forbearance and loan modification.
If you're falling behind on your mortgage payments, contact your lender right away and ask about their loss mitigation options and how you can apply.
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