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Old 04-22-2011, 04:42 PM
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Default I am in the first stages of foreclosure, my question...

...is... once the foreclosure is done, is the note still due? After my foreclosure is complete, can someone come along and buy the note at a later date and force me to pay it or garnish my wages???? I thought foreclosure eliminated my responsibility to pay and takes my home away and ruins my credit. I'm being told even after foreclosure, someone can come along years later and buy my old note and come after me for the money. Is this true?Well I know you don't still owe the balance... the mortgage is forgiven and the home is sold to pay it. The note remains... so i'm told by a realtor. I keep hearing people can buy it and come after me for the money.... ?Would it be in my best interest to file bankruptcy after the lender tells me what I owe them once the foreclosure is complete, and include that debt in the bankruptcy?
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