Based on my study, after a in foreclosure process home is sold at a bidding, it is common for that borrower to still have the remaining unpaid debt on the mortgage. There are many loan providers who seek to have all charges and liens paid by the upcoming buyer. On the other hand, depending on specific programs, legislation, and state legislation there may be quite a few loans which are not easily handled through the transfer of financial products. Therefore, the obligation still remains on the consumer that has got his or her property in foreclosure process. Many thanks for sharing your thinking on this blog.
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