Question

16. Choose the best answer.

Lenders may use
Oloss mitigation
O a court of appeals
O reclamation
O avoidance
to work with borrowers who are behind on payments.

Answer 1

Lenders may use loss mitigation to work with borrowers who are behind on payments.

Step-by-step explanation:

Loss mitigation is the process of borrowers and mortgage servicers working together to create a plan to avoid foreclosure.