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LOSS MITIGATION WEB APPLICATION USER AGREEMENT This agreement (Agreement) is made by and between the Rural Housing Service of the U.S. Department of Agriculture (USDA) (hereinafter referred to as

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What is loss mitigation web application?

Loss mitigation web application is an online platform or software used by individuals or businesses to request assistance or relief to avoid foreclosure or other financial difficulties.

Who is required to file loss mitigation web application?

Homeowners or borrowers who are facing financial hardship and are at risk of foreclosure are required to file a loss mitigation web application.

How to fill out loss mitigation web application?

To fill out a loss mitigation web application, the homeowner or borrower must provide detailed financial information, explain the reason for the financial hardship, and submit any required documentation.

What is the purpose of loss mitigation web application?

The purpose of a loss mitigation web application is to help homeowners or borrowers request assistance from their mortgage lender to prevent foreclosure and find a sustainable solution to their financial difficulties.

What information must be reported on loss mitigation web application?

Information such as financial statements, income documents, bank statements, expenses, and a hardship letter must be reported on a loss mitigation web application.

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