In accordance with my rearesch, after a foreclosures home is sold at a bidding, it is common for that borrower to be able to still have the remaining balance on the mortgage. There are many creditors who attempt to have all fees and liens paid back by the future buyer. Nevertheless, depending on a number of programs, laws, and state legal guidelines there may be some loans that aren't easily solved through the transfer of lending products. Therefore, the obligation still remains on the debtor that has got his or her property in foreclosure process. Thank you for sharing your notions on this blog site. |