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According to my research, after a foreclosed home is sold at an auction, it is common for that borrower to still have any remaining unpaid debt on the loan. There are many loan companies who attempt to have all service fees and liens cleared by the following buyer. On the other hand, depending on particular programs, restrictions, and state guidelines there may be a few loans that aren’t easily settled through the switch of lending products. Therefore, the duty still remains on the lender that has obtained his or her property in foreclosure process. Many thanks sharing your opinions on this web site.
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