One thing I've noticed is there are plenty of fallacies regarding the lenders intentions any time talking about foreclosures. One myth in particular is the bank prefers to have your house. The lender wants your dollars, not the home. They want the money they gave you together with interest. Staying away from the bank will simply draw any foreclosed realization. Thanks for your posting.

Based on my observation, after a in foreclosure process home is marketed at an auction, it is common for that borrower in order to still have some sort ofthat remaining balance on the mortgage loan. There are many loan providers who make an effort to have all service fees and liens repaid by the next buyer. However, depending on specified programs, regulations, and state legislation there may be quite a few loans that aren't easily resolved through the shift of financial products. Therefore, the duty still rests on the borrower that has had his or her property in foreclosure. Thank you for sharing your opinions on this blog site.

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