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.
A fresh set of handlettered stamps is now in the shop! On the Daily No. 3 is a versatile set of handlettered words and phrases, perfect for capturing the rythym...
So excited to share my newest collection, Keep Going, that’s now available in my shop! This one was truly a labor of love and I hope it resonates with you!...
New in the shop this weekend: When Skies Are Grey. Inspired by my love of rainy days. Something about moody, muted skies and soothing sound of rain that always lift...
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.