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

In California, a foreclosure sale means the bank or lender has taken possession of the home and has the right to sell it to pay off the loan. Once the sale has taken place, the former homeowner has no further legal rights to the property. Therefore, it is not possible to make payments on the loan after a foreclosure sale in California. However, the foreclosure process may involve pre-foreclosure or the bank may grant a grace period after the foreclosure sale. During that time, it may be possible for the former homeowner to make partial payment of the loan amount to avoid a foreclosure sale. But, generally, once the sale has taken place, the home belongs to the bank and payments must be made to them instead of the original lender. Additionally, after the foreclosure sale, the former homeowner may still owe money on the loan, even though they no longer have the property. This is known as a deficiency balance and the bank or lender may seek to collect this amount through civil court proceedings. Therefore, it is important to understand the foreclosure process and the legal rights associated with it in California. If a foreclosure sale has taken place, it is unlikely that payments can be made to the original lender, as the home now belongs to the bank. However, it is possible to make payments to the bank on any outstanding deficiency balance.

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

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