Home Saver's Blog


What is Loss Mitigation?

What is Loss Mitigation? Loss Mitigation is a method used to avoid foreclosure by negotiating the mortgage terms for the distressed homeowner. It is used to describe either a third party assisting the homeowner, a department in the bank that mitigates the loss of the bank, or a law firm that negotiates with the lender on the homeowner's behalf. The new loan terms can be obtained through loan modification, a loan work out, partial claim, deed in lieu, cash for keys, short sale, or short refi. These options were developed to allow the homeowner to either prevent the foreclosure and/or to afford the new terms. All of the terms above serve the same purpose: to balance the risk of loss to the lender.

Most folks want to stay in their home, therefore, the most popular option for the distressed homeowner is loan modification. This is the process where the homeowner's mortgage is modified (changed) and both the lender and homeowner are in aggreeance with the new terms. This allows the homeowner to stay in their home and afford the new monthly payment. On the other hand, lenders benefit by mitigating the losses they would incur through foreclosing on the homeowner. Loss mitigation allows the lender to take a less of a loss now in order to avoid a much greater loss caused by a foreclosure. Most loan modifications result in lowered interest rates, reducing the principle balance, fixing adjustable rates, stretching out the loan term, moving past due payments to the end of the loan term, or any combination of these.

This is not just a job for me, this is my passion. My heart and soul goes into every one of my clients. I am honest, compassionate and caring and want to help! I am on a mission and am looking forward to the day when I can say, " I took part in ending the foreclosure crisis." You are not alone. This is kind of awkward to admit on a blog, but, I lost my home to foreclosure 9 years ago. I was a single mom and lost my job. There was no help for me back then. But today there is help. It is up to you to take the first, most important step and ask for it. Don't be embarrassed or ashamed to talk about what your going through. Call me and allow me to help you.



I have done extensive research, reviewed contracts, and asked imperative questions with many Attorneys. Based on my research, I have found a few affordable, honest Attorneys, and I am now directing distressed homeowners to them while participating during the process. 

I have complied a handful of Attorneys and Law Firms who:

1. Are  in good standing with the Bar Association 

2. Are actual licensed attorneys who will berepresenting you and negotiating for you.

3. Have proof of success

4. Have passed my legitimacy test (scam free, and researched thoroughly through reliable resources.)

5. Have reasonable fees

6. Have the clients best interest in mind

7. Are structured and organized

8. Are in compliance with federal regulations and guidelines

9. Are helping homeowners in the State you reside in

10. Offer a Money Back Guarantee



There is assistance available to everyone in any state.

 This is what we do for our clients:

  • I will analyze your situation and take an application to see if you qualify for free. You do not have to pay a Retainer Fee until your case has been reviewed and accepted.
  • The Attorneys Legally place the foreclosure process on pause
  • Increased time to sell or rebuild your financial situation is an inherent benefit (Sometimes you are able to freeze your payments for up to 6 months depending on your hardship.)
  • Help stop harassing phone calls (tell your lender to contact your Attorney who will speak on your behalf)
  • Formulate a plan that fits with in the home owner's budget(reduced rate, 30-40 fixed term)
  • Work to have missed payments moved to end of the loan 
  • To work with your lender to provide you with the best modification that fits with in your budget
  • Work to reduce or eliminate 2nd or 3 rd mortgage, or ask for a principle reduction if you owe more than your loan amount.
  • To keep your family in your home and avoid displacement.
  • To do everything possible to work out a solution. If your lender is unwilling to work with us, they need to provide a good explanation as to why. We will then talk to you about some other foreclosure prevention options that are available to you. Our mission is for you to keep your property, but this may not be beneficial to everyone. 
  • Provide you with a money back guarantee if for some reason they are unable to work out a solution that improves your current situation (which is about a 2% chance after having your case accepted),no questions asked!



If you feel this information was useful, please comment

C Thompson

Loss Mitigation Case Manager


Toll Free: 1-(877)-646-4331



  Please see below for some of my very informative blogs.

How to Avoid Loan Modification Scams

How to choose an Honest Loan Modification Company

Investors Facing Foreclosure

Why won't my lender work with me?

Loan Modification FAQs.



Pre-Approval Loan Modification Application





C Thompson

Account Manager

Call me: 

Fax: 206-203-1890

Email me: keepyourproperty911@gmail.com


Comment balloon 3 commentsC. Thompson • November 20 2008 10:22PM


thanks for commenting over on my blog. I was curious how much success you are having with banks responisiveness. I have heard they are just so overwhelmed that it is next to impossible to save a home prior to foreclosure

Posted by James Wexler (wexzilla.com) over 10 years ago

Hi James- The lenders are currently understaffed to accommodate the amount of requests for foreclosure relief.  To qualify for assistance, there is a time consuming process. This is why lenders are allowing 3rd parties to mitigate on the borrowers behalf. We are able to do most of the work for them. The problem is, consumers need to do more research when choosing a company to mitigate on their behalf.


Posted by Anonymous over 10 years ago

James that was me that commented above. I forgot to log in first. :)

Posted by C. Thompson, Loss Mitigation Cases (Loan Modification) over 10 years ago