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According to my observation, after a the foreclosure home is sold at an auction, it is common for your borrower in order to still have the remaining unpaid debt on the loan. There are many loan merchants who make an effort to have all charges and liens paid back by the upcoming buyer. Having said that, depending on specific programs, restrictions, and state laws and regulations there may be some loans that are not easily settled through the switch of financial products. Therefore, the obligation still remains on the customer that has acquired his or her property foreclosed on. Many thanks sharing your notions on this website.
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