Real Estate Law
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Did you pay off any mortgage balance to the mortgage lender which remained after the house was sold at the foreclosure sale?
Thank you for your follow up.
Was your house sold at foreclosure auction for an amount that covered the entire mortgage balance?
Unfortunately, foreclosure would remain on the person's credit report for 7 years from the time foreclosure took place, even if the mortgage lender cancelled of forgave any deficiency and any unpaid balance would remain on the report.
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