The Pennsylvania Motion to Extend The Loss Mitigation Period is a legal process that allows borrowers to request additional time to work out a loan modification or other form of loan workout with their lender. This motion must be filed in the appropriate county court in Pennsylvania. The motion requests that the court grant an extension to the existing loss mitigation period, which is the time frame set by the lender to explore a loan workout. This motion can be used by borrowers who need more time to work out a loan modification or other form of loan workout with their lender. There are two types of Pennsylvania Motion to Extend The Loss Mitigation Period: 1) Motion for a Temporary Extension and 2) Motion for Permanent Extension. The Motion for a Temporary Extension can be used when a borrower needs additional time to work out a loan modification or other form of loan workout, but is unable to reach a resolution with the lender in the current loss mitigation period. The Motion for a Permanent Extension can be used when a borrower needs additional time to work out a loan modification or other form of loan workout, and the parties have agreed to extend the loss mitigation period.
Pennsylvania Motion to Extend The Loss Mitigation Period
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How to fill out Pennsylvania Motion To Extend The Loss Mitigation Period?
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