Based on my research, after a property foreclosure home is bought at an auction, it is common for any borrower to be able to still have any remaining balance on the mortgage loan. There are many lenders who try to have all costs and liens cleared by the following buyer. On the other hand, depending on particular programs, laws, and state guidelines there may be several loans which are not easily resolved through the shift of lending options. Therefore, the duty still rests on the lender that has received his or her property in foreclosure. Many thanks sharing your notions on this site.
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