Redemption period
What is Redemption period?
The amount of time given to a foreclosed borrower to effectuate the use of the statutory right to redemption and reclaim the property after the payment of all defaulted sums, costs and fees.
The amount of time given to a foreclosed borrower to effectuate the use of the statutory right to redemption and reclaim the property after the payment of all defaulted sums, costs and fees.
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