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According to my research, after a foreclosures home is
marketed at a bidding, it is common for the borrower in order to still have a remaining
balance on the bank loan. There are many loan companies who try and have all service fees and liens paid by the future buyer.
Having said that, depending on particular programs,
restrictions, and state legal guidelines there may be quite a few loans that are not easily handled through the
shift of financial loans. Therefore, the responsibility still falls on the customer
that has received his or her property in foreclosure process.
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