Foreclosure Definitions - Right of Redemption. Call GC Invesetments, Inc. (253) 632-3200

GC Investments, Inc. Phone (253) 632-3200

Foreclosure Law Definitions

Right of Redemption Definition

The statutory right of redemption gives the homeowner the right to redeem his or her foreclosed property by paying the amount for which the property was sold, plus interest and administrative costs.

If a judicial foreclosure is used, the borrower has one year (12 months) after the foreclosure sale to redeem the property.

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