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Loss Mitigation

By |2020-11-18T12:10:40+00:00November 18, 2020||

Banks and lenders look to limit losses on delinquent mortgages by working out solutions with borrowers through a Loss Mitigation Department, generally operated by the bank or lender to deal specifically with delinquent accounts.


By |2020-11-18T12:10:40+00:00November 18, 2020||

A written agreement between a property owner and a real estate broker authorizing the broker to find a buyer.


By |2020-11-18T12:10:41+00:00November 18, 2020||

A charge or claim by one party on the property of another as security for the payment of a debt.

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