What is Right of Redemption?

A standard feature of the foreclosure process is the right of redemption. It means that, in the unlikely circumstance that the seller can come up with the full amount in arrears and bring the loan to current (including any penalties due), the homeowner can keep their home.

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About Toni Hedstrom

I am one half of Hedstrom & Stamm Home Solutions, a dynamic real estate team with emphasis on home marketing utilizing our exclusive Home Ready Program.