Loss mitigation option means a temporary or permanent loan modification, a forbearance agreement, a repayment agreement, a principal reduction, capitalizing arrears, or any other relief intended to allow a mortgagor to retain ownership of the property.
Loss mitigation option means an alternative to foreclosure, including a loan modification agreement, a deed in lieu of foreclosure, and a short sale.
Loss mitigation option means an alternative to foreclosure, including loan modification, reinstatement, forbearance, deed-in-lieu, and short sale.
Examples of Loss mitigation option in a sentence
Loss mitigation option means an alternative to foreclosure offered by the owner or assignee of a mortgage loan that is made available through the Servicer to the borrower.
Loss mitigation option means an alternative to foreclosure offered by the owner or assignee of a mortgage loan that is made available through the servicer to the borrower.
More Definitions of Loss mitigation option
Loss mitigation option means an alternative to foreclosure,
Loss mitigation option means an alternative to foreclosure, including, but not limited to, a loan modification, shared appreciation mortgage modification agreement, reinstatement, forbearance, deed-in-lieu, or short sale.
Loss mitigation option means, as set forth in 12 C.F.R. § 1024.31, an alternative to foreclosure offered by the owner or assignee of a mortgage loan that is made available through the servicer to the borrower.
Loss mitigation option. MEANS AN ALTERNATIVE TO
Loss mitigation option means an alternative to foreclosure offered by the owner or assignee of a mortgage loan that a mortgage servicer makes available to the borrower.
Loss mitigation option means an alternative to foreclosure offered by the owner, holder, or assignee of a mortgage loan that is made available through the servicer to the borrower.