What are the possible outcomes if my loss mitigation application is denied?
Asked a year ago
If your loss mitigation application is denied by Washington Mutual, there are a few possible outcomes. Firstly, you may be required to continue making your regular monthly mortgage or credit line payments. Secondly, foreclosure proceedings could be initiated against you if you are unable to make the required payments. In this case, you may need to explore alternatives such as selling your property or working out a short sale. Another possibility is seeking assistance from housing counseling agencies or legal professionals to explore other options. It is crucial to take timely action and discuss your situation with a Washington Mutual representative to find the best course of action for your specific circumstances and potentially avoid further financial difficulties.
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