Can I use a personal loan to pay off a mortgage in foreclosure? | NC

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Q: Can I use a personal loan to pay off a mortgage debt that is already in foreclosure? A: Yes — in general, the source of the money is not the main issue. What matters is whether you can pay the full secured debt, plus foreclosure sale expenses, on time and exactly the way the payoff instructions require. That usually means getting a current payoff statement, confirming daily interest, fees,…