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In line with my research, after a property foreclosure home is available at a bidding, it is common for your borrower in order to still have any remaining balance on the bank loan. There are many loan companies who aim to have all rates and liens repaid by the subsequent buyer. Nevertheless, depending on particular programs, rules, and state legislation there may be quite a few loans which are not easily solved through the transfer of loans. Therefore, the responsibility still rests on the client that has received his or her property in foreclosure process. Thank you for sharing your thinking on this weblog.