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Revised 9/27/2012UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK x In re:Debtor(s). xChapterCase No. ()LOSSMITIGATION ORDER Loss Mitigation Request1 was filed by the Debtor on [Date]
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How to fill out a loss mitigation request1

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How to fill out a loss mitigation request1

01
Contact your lender to request a loss mitigation request form.
02
Gather all necessary supporting documents such as income statements, bank statements, and hardship letter.
03
Fill out the form completely and accurately, providing detailed information about your financial situation and the reasons for requesting loss mitigation.
04
Submit the form and supporting documents to your lender and follow up to ensure it has been received and is being processed.
05
Be prepared to provide additional information or documentation if requested by your lender.

Who needs a loss mitigation request1?

01
Individuals who are struggling to make their mortgage payments and are at risk of foreclosure.
02
Homeowners who have experienced a financial hardship such as job loss, illness, or divorce.

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A loss mitigation request is a formal application made by a borrower to their lender, seeking alternatives to foreclosure and requesting options to modify their loan or defer payments.
Borrowers who are experiencing financial difficulties and are at risk of defaulting on their mortgage are typically required to file a loss mitigation request.
To fill out a loss mitigation request, borrowers should provide accurate information regarding their financial situation, including income, expenses, and hardship details, as well as any required documentation supporting their request.
The purpose of a loss mitigation request is to explore alternatives to foreclosure and find solutions that can help the borrower keep their home, such as loan modifications or repayment plans.
Information that must be reported includes borrower's income, expenses, details about financial hardship, property information, and any relevant supporting documents.
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