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  1. Based on my observation, after a foreclosed home is sold at an auction, it is common with the borrower to be able to still have the remaining unpaid debt on the bank loan. There are many loan providers who make an effort to have all service fees and liens paid off by the upcoming buyer. Having said that, depending on selected programs, polices, and state guidelines there may be some loans that are not easily solved through the switch of financial products. Therefore, the obligation still lies on the lender that has acquired his or her property foreclosed on. Thanks for sharing your thinking on this weblog.

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