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New York Loss Mitigation Order

State:
New York
Control #:
NY-BKR-348S
Format:
Word
Instant download
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Public form

Description

Loss Mitigation Order The New York Loss Mitigation Order is a court order issued by a judge in New York State that permits a borrower to receive a loan modification or other foreclosure relief and obtain a financial hardship determination. This order provides the borrower with the opportunity to restructure their loan and make affordable payments. There are two main types of New York Loss Mitigation Order: an Order Granting Loss Mitigation and an Order Denying Loss Mitigation. An Order Granting Loss Mitigation allows a borrower to modify their loan and receive a financial hardship determination. An Order Denying Loss Mitigation is issued when a borrower is unable to modify their loan or the lender is unwilling to grant a loan modification. The New York Loss Mitigation Order is an important tool for borrowers in New York State to obtain foreclosure relief and loan modifications.

The New York Loss Mitigation Order is a court order issued by a judge in New York State that permits a borrower to receive a loan modification or other foreclosure relief and obtain a financial hardship determination. This order provides the borrower with the opportunity to restructure their loan and make affordable payments. There are two main types of New York Loss Mitigation Order: an Order Granting Loss Mitigation and an Order Denying Loss Mitigation. An Order Granting Loss Mitigation allows a borrower to modify their loan and receive a financial hardship determination. An Order Denying Loss Mitigation is issued when a borrower is unable to modify their loan or the lender is unwilling to grant a loan modification. The New York Loss Mitigation Order is an important tool for borrowers in New York State to obtain foreclosure relief and loan modifications.

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New York Loss Mitigation Order