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Updated over 7 years ago on . Most recent reply

Pre-foreclosure /existing mortgage
Hello,
Very new and my first post. I have a possibly silly question. General curiosity because I can't seem to get a clear answer. But on a preforeclosure whole sale, who takes care of the existing mortgage loan? Is that settled direct from the new buyer? Or is it still the responsibility of the seller to settle the existing loan?
Thank you in advance.
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