Home / FAQs / Can the lender take custody of the property as REO by bidding the unguaranteed portion of the debt?

Can the lender take custody of the property as REO by bidding the unguaranteed portion of the debt?

Yes, the property doesn’t need to be conveyed by the servicer, however, please ensure that the claim payment is not negatively affected by the bid amount at the sale.

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