If you are equity you to definitely stays was your very own, after the of many fines was deemed repaid, it will not typically get off the initial resident which have much currency so you can show because of it. On top of that, just after property foreclosure, you’re accountable for spending every other liens in your house and you will any household equity credit lines in earlier times applied for. Even after your residence for sale, your almost every other borrower financial obligation do not fall off.
So you can reiterate, while you are kept house collateral immediately following foreclosure was your own personal, there was usually almost no remaining at all is said and you may complete.