Definitions for "Right of Redemption"
Related Terms:
Equity of redemption, Redemption, Redemption period, Foreclosure, Strict foreclosure, Mortgage, Repossess, Repossession, Charge, Power of sale, Security interest, Recourse, Dragnet clause, Defeasance clause, Security, Voluntary conveyance, Deed of trust or mortgage, Subject to mortgage, Security instrument, Mortgage loan, Deed in lieu of foreclosure, Foreclosure sale, Lien, Collateral, Hypothecate, Assignment of rents, Mortgagor, Alienation clause, Pre-foreclosure, Chattel mortgage, Deed in lieu, Lien holder, Deed-in-lieu, Chargor, Liens, Secured debt, Non-recourse loan, Redeem, Deficiency judgment, Subordination, First lien, Deed-in-lieu of foreclosure, Non-judicial foreclosure, Non-recourse, Subject to, Due on sale clause, Deed of trust, Unsecured creditor, Secured creditor
The right to recover property that has been attached by paying off the debt .
The right of a property owner to redeem his/her real estate from foreclosure or tax sale either by paying off the amount owed.
In mortgage foreclosures, the right of the mortgagor to redeem his or her property for six months after the foreclosure sale by paying off the debts and costs of the foreclosure.
Right to buy a property back for a limited period of time (usually 10 days) after a foreclosure sale.
same as equity of redemption.
A borrowers right to reacquire property lost due to a foreclosure.
In some Tax Deed states, the Deed purchased at auction may be encumbered by a Right of Redemption. This encumbrance is basically a period of time where the former owner can buy back the property from the successful auction bidder. The amount of time the former owner has to buy back to property is know as the Redemption Period.
A right provided by law in some states permitting a mortgagor to reclaim foreclosed property by making full payment of the mortgage debt, including interest and fees, or the foreclosure sales price. The redemption period is for a specified period of time.
See "equity of redemption".
Fund units can, in principle, be sold back to the management company at any time at the current redemption price. There is one exception to this rule: in accordance with Article 41 of the IFA, investors in Swiss real estate funds may only redeem their units at the end of a financial year after having given notice twelve months previously. However, as our real estate funds under Swiss law are listed on the stock exchange, investors can sell their units at any time at the current stockmarket price.
A legally enforceable right provided by Law under certain conditions permitting the Owner to reclaim Foreclosed Property by making full payment of the Mortgage debt or the Foreclosure Sales Price, as applicable. The Right of Redemption exists for a specified period of time, known as the Redemption Period. Junior lien claimants may also have such right.
A legally enforceable right provided by law in some states permitting the mortgagor or owner to reclaim foreclosed property by making full payment of the mortgage debt or the foreclosure sales price, as applicable. The right of redemption exists for a specified period of time known as the redemption period.
A borrower's right to reacquire property lost due to foreclosure.
Right of Redemption refers to the right of the property owner to redeem his/her real estate property from foreclosure by paying off the amount owed.
If a borrower has not paid on his loan and a judicial foreclosure results, the borrower is given the right to buy back the property from the one who purchased the property during the foreclosure.
Borrower's right to redeem property taken in foreclosure by immediately paying off the loan balance and any related costs. The right of a bankruptcy debtor to recover personal property under lien by making restitution to the creditor.
In certain states, the Trustor under the deed of trust, or mortgagor under the mortgage, and/or junior lien holders have the right to redeem the real property following foreclosure sale. The period of time during which the property may be redeemed, if right of redemption is permitted and whether it is applicable to non-judicial and/or judicial foreclosure, varies significantly by state and can be as little as three months or more than a year.
Keywords:
rescission
Right of Rescission