Can I still make payments on my loan after a foreclosure sale?
No, you cannot make payments on your loan after a foreclosure sale in Florida. A foreclosure sale is the point at which ownership of the mortgaged property is transferred from the borrower to the lender. The lender pays for the foreclosure sale with the proceeds of the loan. After the foreclosure sale, the borrower no longer has any ownership rights to the property and is no longer responsible for making payments on the loan. The lender will use the foreclosure proceeds to pay off the loan balance, and any leftover funds will be applied to any remaining fees. Once the foreclosure sale is complete, the borrower does not owe anything further on the loan.
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