Right Of Redemption


Definition of "Right of redemption"

Rhonda Cohen real estate agent
Rhonda Cohen, Real Estate Agent Keller Williams Realty

  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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