The term "Loss Mitigation" has become a common term with home owners and real estate professionals throughout the country.
Loss mitigation, meaning to mitigate, or minimize loss, is traditionally a department maintained by most mortgage companies to do just that; minimize their loss.
87-year-old woman who lost home to scam gets $116,972
A woman who lost her home of 50 years to a foreclosure rescue scam has won a victory, of sorts: The state of Minnesota has agreed to give Telsche Paulson $116,972 from a state fund designed...
Administration Plans New Efforts On Foreclosures
Ethan Miller/Getty Images The Obama administration, battling a foreclosure crisis that shows no signs of relenting, will step up pressure on mortgage companies to do more to help people...
U.S. to lean on mortgage companies
The Obama administration, battling a foreclosure crisis that shows no signs of relenting, will step up pressure on mortgage companies to help people stay in their homes, officials say.
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