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UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF NEW YORK X In Re:Chapter 13 Case No.:Debtor(s) LOSS MITIGATION REQUEST BY DEBTOR I am a Debtor in this case. I hereby request to enter into the Loss
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What is loss mitigation request?
A loss mitigation request is a formal request made by a borrower to their lender to explore options for avoiding foreclosure.
Who is required to file loss mitigation request?
A borrower who is struggling to make their mortgage payments and is at risk of foreclosure is required to file a loss mitigation request.
How to fill out loss mitigation request?
To fill out a loss mitigation request, a borrower must provide information about their financial situation, reasons for hardship, and proposed solutions.
What is the purpose of loss mitigation request?
The purpose of a loss mitigation request is to seek assistance from the lender in finding a solution to avoid foreclosure and to address the borrower's financial hardship.
What information must be reported on loss mitigation request?
The information required on a loss mitigation request typically includes the borrower's contact information, financial details, reasons for hardship, and proposed solutions.
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