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What Is “Loss Mitigation” and How Does It Affect a Foreclosure Proceeding in Maryland?

By Henault & Sysko Chartered |

Most Maryland residents rely on a mortgage when purchasing their home or other real estate. If the borrower defaults on the mortgage, the lender has the right to foreclose on the property. But this can lead to significant financial losses for the lender. To help avoid such outcomes, loan servicers–the middlemen who typically accept… Read More »

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