Redemption equity allows a borrower to regain legal title to their mortgaged property by repaying the loan, interest, and expenses, even after defaulting on payments. This right is considered important and can be sold or traded. It must be exercised before foreclosure proceedings and varies by state in the US. Redemption equity applies to a […]
A repayment period is the time a debtor has to pay off a defaulted debt, including legal fees, to avoid additional costs and damage to their credit rating. It is used in real estate and website domain names, and laws vary by jurisdiction. Understanding applicable laws can help borrowers deal with unexpected situations. A repayment […]
