Redemption Period
Barron's Business Dictionary:
Top
Redemption Period
Period during which a former owner can reclaim foreclosed property or property posted for foreclosure.
See also equity redemption .
See also equity redemption .
| Redemption Fee, Redemption, Redeem | |
| Redevelopment, Rediscount, Rediscount Rate |
Related Videos:
Top
Redemption Period
Barron's Real Estate Dictionary:
Top
Redemption Period
The period during which a former owner can reclaim foreclosed property.
See equity of redemption.
Example: Collins’s property was foreclosed. If she acts within her state’s redemption period, she can reclaim her property by paying the debt and legal fees.
See equity of redemption.
Example: Collins’s property was foreclosed. If she acts within her state’s redemption period, she can reclaim her property by paying the debt and legal fees.
| Redeemable Rent, Redeem (mortgage) | |
| Redevelop, Rediscount Rate |
Post a question - any question - to the WikiAnswers community:
Copyrights:
Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
Read more