“ According to my research, after a foreclosed home
is bought at a sale, it is common with the borrower in order to still have the remaining
unpaid debt on the financial loan. There are many financial institutions who seek to have all rates and liens paid by the subsequent buyer.
Having said that, depending on selected programs, polices, and state regulations there may be a number of loans that aren't
easily resolved through the transfer of financial products.
Therefore, the obligation still remains on the client that has got his or her property in foreclosure.
Thank you sharing your ideas on this site. ”