Right of redemption
The right of redemption, in the law of real property, is the right of a debtor whose real property has been foreclosed upon and sold to reclaim that property if they are able to come up with the money to repay the amount of the debt. Most U.S. states have a statutory provision that allows such a reclamation of property.
|This article relating to law in the United States, or its constituent jurisdictions is a stub. You can help Wikipedia by expanding it.|
Right to redeem is the right to recover something by making certain payment.Last modified on 1 December 2012, at 03:44