mortgage redemption

What Does It Mean When It Says Foreclosure Redeemed?

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What Does It Mean When It Says Foreclosure Redeemed? Redemption is a period after your home has already been sold at a foreclosure sale when you can still reclaim your home. You will need to pay the outstanding mortgage balance and all costs incurred during the foreclosure process. Can I get a mortgage with foreclosure

What Does Foreclosure Redemption Mean?

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What Does Foreclosure Redemption Mean? The right of redemption allows individuals who have defaulted on their mortgages the ability to reclaim their property by paying the amount due (plus interest and penalties) before the foreclosure process begins, or, in some states, even after a foreclosure sale (for the foreclosure price, plus interest and penalties). What