Right Of Redemption

Definition of "Right of redemption"

Gary Durden real estate agent
Gary Durden, Real Estate Agent Keller Williams Realty Intown

  1. The right to recover property taken away by foreclosure by paying the lender the total amount owed plus foreclosure costs.
  2. The right of a debtor in bankruptcy to recover personal property under lien by making restitution to the creditor.

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