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Based on my research, after a property foreclosure home is offered at a bidding, it is common to the borrower in order to still have the remaining balance on the bank loan. There are many loan merchants who try to have all rates and liens paid back by the subsequent buyer. Having said that, depending on certain programs, legislation, and state laws and regulations there may be many loans that are not easily sorted out through the transfer of personal loans. Therefore, the duty still remains on the borrower that has had his or her property in foreclosure. Thank you for sharing your opinions on this web site.
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