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In accordance with my study, after a in foreclosure home is offered at an auction, it is common for any borrower in order to still have the remaining balance on the mortgage loan. There are many loan companies who seek to have all fees and liens cleared by the following buyer. Nevertheless, depending on specified programs, legislation, and state legal guidelines there may be a few loans which aren't easily settled through the exchange of lending products. Therefore, the obligation still remains on the customer that has received his or her property in foreclosure process. Many thanks for sharing your opinions on this blog.