Debt and Bankruptcy
Debt Collection
Foreclosure

Who pays remaining principal on foreclosure?

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Answer

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Wiki User
10/13/2007

Remaining principal (and interest on remaining principal unpaid) is the responsibility of the borrower, of course. The lender whose foreclosure sale did not net the full outstanding amount can place a lien on any other property of the borrower and sue to liquidate those possessions or receivables to satisfy the debt.