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One thing I have actually noticed is the fact that there are plenty of myths regarding the lenders intentions any time talking about foreclosures. One misconception in particular is always that the bank needs to have your house. Your banker wants your hard earned money, not your home. They want the amount of money they lent you together with interest. Avoiding the bank will only draw a foreclosed realization. Thanks for your publication.
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03/12/2025
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Based on my observation, after a foreclosures home is sold at a bidding, it is common for your borrower to still have the remaining balance on the mortgage. There are many loan companies who try to have all service fees and liens paid by the up coming buyer. On the other hand, depending on a number of programs, rules, and state legislation there may be some loans which aren't easily sorted out through the exchange of lending options. Therefore, the duty still falls on the consumer that has obtained his or her property in foreclosure. Many thanks sharing your opinions on this site.
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