What Is The Foreclosure Process?
Anyone know what really happens when a property goes to sale. Here is what I am guessing, can anyone validate:
Lender assign's a trustee.
property gets sold at auction
trustee pays liens against the property based on position.
Any remaining money goes to the past owner.
What if there is a medical lien, for example, that does not get paid off in the foreclosure sale. What becomes of the lien?
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