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Loss Mitigation Overview | Preparation | Loss Mitigation | Filing Claims
CU HomeKeepers | Hardest Hit Programs | Loss Mitigation Webinar
Disposition of the Property – When a Workout is not Successful
Alternatives to Foreclosure
Call your CMG MI Account Executive to facilitate your contact with our Loss Mitigation Department on alternatives to foreclosure.
Short Sales or Pre-Foreclosure Sale
- Pre-sale avoids foreclosure with full payoff
- Short sale results in partial payoff accepted due to true market values
- Approvals by investor and CMG MI are necessary
Deed-in-Lieu of Foreclosure
- Suitable for severe hardship cases with no practical workout option available
- Credit Union must show reasonable effort to list pre-sell, forbear, repayment plan, modification
- Approvals by investor and CMG MI are necessary
Please call your CMG MI Account Executive to facilitate your contact with our Loss Mitigation Department.
 CMG MI Understands the Comfort of Home
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