Common use of Avoiding Foreclosure; Mitigating Losses Clause in Contracts

Avoiding Foreclosure; Mitigating Losses. If I am in Default, Lender may work with me to avoid foreclosure and/or mitigate Lender’s potential losses, but is not obligated to do so unless required by Applicable Law. Lender may take reasonable actions to evaluate me for available alternatives to foreclosure, including, but not limited to, obtaining credit reports, title reports, title insurance, property valuations, subordination agreements, and third-party approvals. I authorize and consent to these actions. Any costs associated with such loss mitigation activities may be paid by Xxxxxx and recovered from me as described below in Section 9(c), unless prohibited by Applicable Law.