In accordance with my study, after a in foreclosure home is bought at an auction, it is
common for the borrower to be able to still have the
remaining balance on the financial loan. There are many lenders who seek to have all
charges and liens paid off by the following buyer. However, depending
on selected programs, legislation, and state laws there may be several loans which aren't easily solved through the
switch of financial loans. Therefore, the responsibility still remains
on the client that has had his or her property in foreclosure.
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