In line with my observation, after a the foreclosure home is offered at an auction,
it is common to the borrower to still have the remaining balance on the bank loan. There are many creditors who make an effort to have all charges and liens
paid by the next buyer. Having said that, depending on certain programs, restrictions,
and state laws and regulations there may be several loans that
aren't easily sorted out through the switch of lending products.
Therefore, the duty still falls on the debtor that
has acquired his or her property in foreclosure process.
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