Statutory Redemption Period


Definition of "Statutory redemption period"

Sandy Legere
  Coldwell Banker Paradise

Limited period of time granted by state law to an individual who has had his or her property foreclosed on and sold to regain possession of the property by repaying the debt that was defaulted on.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Immediate Variable Annuity Contract

A contract sold by insurance companies that is bought by means of a single lump sum payment usually ...

Substitution

In valuing real estate, substitution is the principle that the market value of a property can be rel ...

Index Lease

A rental contact in which the tenant's rental is tied to a change in the price level, such as the Gr ...

Single Premium Group Annuity

One premium payment made to fund the future benefits of a group of employees. ...

Independent Insurance Agents Of America (iiaa)

Association of independent agents whose objective is to further the interests of these agents throug ...

Family Considerations

Factors influencing the amount of life insurance to purchase, such as marketable skills of spouse, a ...

Related Real Estate FAQ

What Do I Need To Know About Term Life Insurance?

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

What Is A Lease Purchase Mortgage?

A lease purchase mortgage is a financing option that allows potential homebuyers to lease a property ...

How Can I Protect My Home Office?

Commercial insurance is designed to help protect many of the risks your business can face, includin ...

What Is A Proprietary Lease?

A proprietary lease is lease used for co-ops that give the shareowners the right to live in a partic ...

What Is A Sales Contract?

A sales contract is the contract you draw up when you want to make an offer on a home. ...

What Is A Balloon Mortgage?

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Real Estate Open House - The Dos and Don Home Prices - The Extra Costs What is the Best Time of Year to Buy a Home? Why Right Now is a Good Time for Millennials to Buy a Home 6 Reasons you are not selling properties

FAQ

What is earnest money? What is a lien? What is a buyer's agent? What does FSBO mean? What is a CD?