Confusing cause and effect is one of the most common logical fallacies. It's a principal component of most propaganda. It's also known as the correlation/causation error, Post Hoc Ergo Propter Hoc or the false cause fallacy.
Loss Mitigation. Loss mitigation is a process used by mortgage lenders to work with buyers who are delinquent on their home loans. Through the loss mitigation process, a lender may modify the terms of a home loan, allowing the homeowner to sell the property for less than is owed, or transfer the deed back to the lender. The goals of loss mitigation are to reduce the potential loss being incurred by a lender when the borrower is delinquent.
Such disclosure should be made in the MLS by selecting Loss Mitigation=Y and providing the amount of fees due buyer in the appropriate MLS field. The following disclosure must also be entered in the Agent Remarks field at the time of input, if known, or within one (1) business day upon receipt of knowledge. Buyer will be responsible for paying loss mitigation fees in the amount of [enter $ amount or % of sales price here].. Shawn Dauphine is the HAR MLS Director. He may be reached at (713) 629-1900 ext. 255.