Short-Sale.com

Loss Mitigation

Last updated 2026-08-01

CFPB

Updated 2026-08-01

Loss mitigation refers to the steps mortgage servicers take to work with a mortgage borrower to avoid foreclosure. Loss mitigation refers to a servicer’s responsibility to reduce or “mitigate” the loss to the investor that can come from a foreclosure. Certain loss-mitigation options may help you stay in your home. Other options may help you leave your home without going

CFPB Mortgage Terms

CFPB · pp. 19–23

Related terms

Report an issue with this page

Still have questions?

Ask about this page or what may happen next. You will continue in Help — this is general information, not legal or counseling advice.