Mitigation in Maryland

What it means in Maryland:
Mitigation in Maryland refers to efforts to avoid foreclosure by working with lenders before or during the foreclosure process.

Key points:

• Mitigation may occur before or after a foreclosure action begins
• Often pursued alongside Maryland’s foreclosure mediation process

Common mitigation options:

• Loan modification
• Forbearance agreements
• Repayment plans
• Short sale
• Deed in lieu of foreclosure

Maryland-specific considerations:

• Mediation may temporarily pause foreclosure activity
• Lenders are not required to approve mitigation options
• Participation in mitigation does not automatically stop foreclosure proceedings
• Early engagement improves the likelihood of successful outcomes.