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Old 02-20-2009, 11:24 AM
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Join Date: Feb 2009
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Default What happens to the mortgage balance after a
foreclosure? When I am foreclosed on and the house is sold at auction for less than what is owed, does the lender eat the difference or am I still responsible years in the future? I have been responsible meaning I did not buy to much home for my salary 3 years ago and had a great job but lost it a year ago. The lender is not willing to work with me since I am not employed.
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