Based on my study, after a in foreclosure process home is bought at a sale,
it is common for your borrower to be able to still have the remaining balance on the personal loan.
There are many financial institutions who make an effort to have all service fees and liens cleared by the next buyer.
On the other hand, depending on particular
programs, restrictions, and state guidelines there may be many loans which aren’t easily settled through the switch of lending products.
Therefore, the responsibility still lies on the client that has obtained his or her
property in foreclosure. Thank you for sharing your ideas on this weblog.
It's that time of year again. A new (twelfth edition) December, You Are My Fave is now in the shop. I probably say this every year, but really, I think...
New in the shop is this set of hand lettered wordart + photo frames. Here's your reminder to make sure you include yourself in your stories. Or, like in my...
Welcoming my favorite season with a new Halloween collection! Use the templates to put together photo collages or use them to create your own custom journal card like I did...
just love these colors, liz!
Thanks so much Melanie! 🙂
Based on my study, after a in foreclosure process home is bought at a sale,
it is common for your borrower to be able to still have the remaining balance on the personal loan.
There are many financial institutions who make an effort to have all service fees and liens cleared by the next buyer.
On the other hand, depending on particular
programs, restrictions, and state guidelines there may be many loans which aren’t easily settled through the switch of lending products.
Therefore, the responsibility still lies on the client that has obtained his or her
property in foreclosure. Thank you for sharing your ideas on this weblog.