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In accordance with my study, after a the foreclosure home is sold at a bidding, it is common for any borrower to be able to still have a remaining unpaid debt on the bank loan. There are many creditors who attempt to have all expenses and liens cleared by the up coming buyer. Nevertheless, depending on particular programs, regulations, and state legislation there may be many loans which are not easily settled through the exchange of lending products. Therefore, the duty still lies on the borrower that has received his or her property in foreclosure. Many thanks sharing your notions on this website.