Based on my observation, after a property foreclosure home is bought at an auction, it is common for the borrower to be able to still have the remaining balance on the mortgage loan. There are many creditors who make an effort to have all rates and liens paid off by the subsequent buyer. Even so, depending on selected programs, legislation, and state legal guidelines there may be some loans which are not easily fixed through the shift of loans. Therefore, the obligation still falls on the client that has got his or her property foreclosed on. Many thanks for sharing your notions on this site.
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