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Based on my observation, after a foreclosed home is marketed at a sale, it is common for your borrower to be able to still have the remaining unpaid debt on the mortgage loan. There are many loan companies who attempt to have all service fees and liens paid off by the next buyer. However, depending on specific programs, restrictions, and state guidelines there may be some loans which are not easily handled through the shift of financial products. Therefore, the duty still remains on the customer that has had his or her property foreclosed on. Many thanks for sharing your thinking on this weblog.

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