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Should a home owner continue to make mortgage payments on this loan during the loss mitigation process?

April 26, 2017Continue Home loan loss mitigation mortgage owner PAYMENTS process

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Should a home owner continue to make mortgage payments on this loan during the loss mitigation process?

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Yes, the goal is to maintain a good credit score if possible and the lender will allow for it. Home owners should make all payments as scheduled if at all possible. If the lender allows you to not make a payment or make a smaller payment or the lender only currently has programs for delinquent homeowners the home owner will be notified.