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Loss mitigation Loss Mitigation Policy & Guidance 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. -- Wikipedia

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Often, someone can contract to buy it from you and negotiate with the bank, so the foreclosure auction doesn t ruin your credit further, and the bank can t do anything more to you. This is a called a negotiated Short Sal
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Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, prima
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