Redemption

Buying back one's propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. after a judicial sale.

Redemption

The right to redeemTo buy back; repurchase; recover. propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. during the foreclosureThe legal process used to force the payment of debt secured by collateral whereby the property is sold period; the right of an ownerThe full name of the primary owner of the property parcel.(e.g. John P. Doe). to redeem his property after a sale for taxes. Often referred to as Equity of RedemptionThe right to redeem property during the foreclosure period, such as a mortgagor's right to redeem within.

Redemption

The right, in some states, for an ownerThe full name of the primary owner of the property parcel.(e.g. John P. Doe). of lienWhen a borrower fails to satisfy a debt, the lender may claim ownership of tangible property the borrower holderThe party that currently owns the loan and holds its legal title. to satisfy the indebtedness due on a mortgageIncludes all forms of debt for which real property, that is, land and/or buildings, is given as security. in foreclosureThe legal process used to force the payment of debt secured by collateral whereby the property is sold after sale.