Can the lender continue to collect late fees and interest during a foreclosure sale?

In California, late fees and interest can still be collected during a foreclosure sale. This is because when a foreclosure sale is held, the amount of money owed on the loan is still outstanding. The proceeds of the sale are then used to pay down the balance of the loan. Because the balance of the loan has not yet been paid off, lenders can continue collecting late fees and interest until the loan is paid off in full. Lenders are also allowed to charge late fees on a delinquent loan that goes to a foreclosure sale. According to California law, a lender has the right to charge late fees if the loan payments are delinquent for more than 15 days. The law also allows for late fees to continue to accumulate until the loan is paid off in full. This means that lenders can continue to collect late fees and interest even during a foreclosure sale. California law also allows lenders to recoup certain costs associated with the foreclosure sale. These costs can include the filing fee, auction costs, and any other legal fees that the lender has incurred. The proceeds from the sale can be used to pay off these costs. Once these costs have been paid off, then the remaining amount of the loan is paid off. In conclusion, late fees and interest can still be collected during a foreclosure sale in California. Lenders are also allowed to charge additional late fees if the loan payments are more than 15 days delinquent. Additionally, lenders can recoup certain costs associated with the foreclosure sale from the proceeds of the sale. All of these late fees, interest, and costs are then paid off until the loan is paid off in full.

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Can the lender continue to collect late fees and interest during a foreclosure sale?

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