When applying for a loss mitigation option such as a short sale, loan modification, deed in lieu, or repayment plan this video explains the 5 main financial hardships that lenders recognize. It helps you understand how to communicate your financial hardship in a way that will help you get through your loss mitigation review.

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The information is general and not intended to be legal advice. Contact a foreclosure defense attorney in your state for advice specific to your situation or contact your lender for lenderspecific instructions.

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