Thursday, August 09, 2007

Mitigate - My Daily PowerWord for today


No really, here's the page: http://www.success.com/newsletters/11499

Mitigate is a verb that means "to lessen a bad effect". We hear this word used most often in reference to a lender's Loss Mitigation Department. You can easily guess what they do. They are there to lessen the bad effect of foreclosure.

That is a perfect segway (Segway - Get it?) into mentioning The Foreclosure Report... and in particular the section detailing many Loss Mitigation Departments.

Here's where I could use your help.

I've listed as many departments as I could find. If you know of a particular lender who is not represented and you know the contact information of their LMD - please let me know.

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