Can I still make payments on my loan after a foreclosure sale?

In Arizona, the answer to the question of whether a person can make payments on a loan after a foreclosure sale is no. A foreclosure sale is designed to extinguish all rights and obligations associated with the loan in question. This means that the borrower no longer needs to make payments on the loan and the lender no longer has any obligation to accept them. When a foreclosure sale takes place in Arizona, the lender puts the property up for auction to the highest bidder. The highest bidder then has the right to take ownership of the property. The lender has the right to collect any outstanding balance on the loan from the proceeds of the sale, and the borrower will no longer have any responsibility to pay the loan. Therefore, once a foreclosure sale has taken place in Arizona, the borrower no longer has any legal obligation to make payments on the loan. The borrower is only responsible for the balance of the loan until the foreclosure sale is completed, and after that, the loan is considered extinguished and the borrower is no longer obligated to make payments.

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Can I still make payments on my loan after a foreclosure sale?

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