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Based on my observation, after a foreclosed home is bought at a sale, it is common for your borrower to still have any remaining unpaid debt on the loan. There are many loan providers who attempt to have all fees and liens cleared by the up coming buyer. Even so, depending on specified programs, polices, and state legislation there may be several loans which aren't easily resolved through the switch of lending products. Therefore, the responsibility still falls on the consumer that has got his or her property foreclosed on. Thanks for sharing your opinions on this website.

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