225ec8c8_operty_3_Flashcards___Cram_com__rding_system__Brightline_rules
**Not recognized in NY.**gives debtor-mortgagor a statutory right to redeem for some fixed period after the foreclosure sale has occurred. •After the sale. The amount to be paid is usually the foreclosure sale price, not the original debt. •Most states give the mortgagor the right to repossess during the statutory period. •When a mortgagor redeems, its nullifies the sale, is restored title.
foreclosure statutory redemption
Real Property 3 Flashcards - Cram.com