Americas Loss Mitigation

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Are you financially drowning? Are you so far behind on your home that there is no possible way that you could catch it back up? There is no need to feel embarrassed or discouraged because there are thousands of homeowners that are in your situation right now. This has become such a problem that even the federal government has stepped in to create programs to help! For lenders, it has become simple mathematics. Mortgage lenders are in business to make money, thus they have created loss mitigation departments to mitigate (to lessen to force or intensity) of their losses. Foreclosures are not cheap, by the time your home has sold on the auction block hundreds of thousands of dollars could have been lost. Now all of a sudden, you small deficit does not seems so great to them.