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 Feature Friday at Hey Scrapper! That means one specially selected collection from my shop is 30% off through the weekend! This time, I’ve chosen the Messy Beautiful Collection—a design...
Newly added to the shop, per your request: Days in Bold. Get ready to elevate your album game with these stunning pocket cards, inspired by the cards I designed to...
New Year, New Store, New Collection! It’s grand opening weekend at Hey Scrapper and we are celebrating with a sitewide sale. The storefront is beautifully designed (makes my minimalist heart happy)...
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.