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Based on my observation, after a in foreclosure home is marketed at a bidding, it
is common for any borrower to be able to still have a remaining
balance on the loan. There are many financial
institutions who try to have all expenses
and liens paid by the next buyer. Nonetheless, depending on a number of programs, rules, and state laws there may be a number
of loans that are not easily resolved through the exchange of financial loans.
Therefore, the responsibility still remains on the lender
that has obtained his or her property in foreclosure process.
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