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What if the bank forecloses on the property?

April 26, 2017Bank forecloses Property

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What if the bank forecloses on the property?

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The bank is typically the first “secured interest” on the property, which means that the bank will get paid first upon foreclosure, and liens will often go unpaid and be wiped out by the foreclosure. Contact one of our attorneys to determine what other avenues there are to collect your money.