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.
How to Reduce Closing Costs on Your Mortgage. 1  Two Types of Closing Costs. 2  Use Seller Contributions to Cover Closing Costs. 3  Get a Lender Credit to Offset Closing Costs. 4  Ask for a Credit from Your Real Estate Agent. 5  Negotiate and Shop Your Closing Costs.