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According to my observation, after a property foreclosure home is sold at an auction, it is common with the borrower in order to still have a remaining balance on the loan. There are many loan merchants who make an effort to have all charges and liens paid back by the up coming buyer. Having said that, depending on selected programs, polices, and state legal guidelines there may be many loans that aren't easily sorted out through the shift of financial loans. Therefore, the obligation still falls on the borrower that has received his or her property foreclosed on. Many thanks for sharing your thinking on this site.

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