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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Loss Mitigation Posted by Reinstatement Services, Inc. on June 12, 2002 at 8:02 AM In Reply to: Please Help! We need advise posted by Brenda Truex on June 12, 2002 at 4:49 AM Once your loan becomes delinquent the loss mitigation department in your lender's organization should be able to assist you with finding a workable cure---whether that translates into retaining the property, short sale, or deeding the property to the lender. You'll want to do everything within reason to avoid foreclosure. Aside from it being very damaging to your credit you risk a deficiency judgment or possible tax implications. Default andForeclosure Mediation Follow Ups: Re: Loss Mitigation karen 9:27 AM, 06/12/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Once your loan becomes delinquent the loss mitigation department in your lender's organization should be able to assist you with finding a workable cure---whether that translates into retaining the property, short sale, or deeding the property to the lender. : You'll want to do everything within reason to avoid foreclosure. Aside from it being very damaging to your credit you risk a deficiency judgment or possible tax implications. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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