right of redemption: Friday's ForeclosureFocus FYI Blog: Right of Redemption - 03/09/07 03:14 PM
In some states, following a forced, foreclosure sale, the former homeowner has a Right of Redemption which means he or she can restore ownership by paying, in full, the total amounts due within a specific period of time. The amount of time during which the ROR can be exercised ranges from NONE, … (7 comments)
right of redemption: Friday's ForeclosureFocus FYI Blog: Letter of Intent - 03/02/07 03:44 PM
Mortgage foreclosure is a race, of sorts. A race against the clock. A foreclosure clock. Like most clocks, the foreclosure clock can run fast, as it does in Texas, a non judicial foreclosure state where the process may take three months, or slow(er), as in New Jersey, a judicial foreclosure state … (4 comments)
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In some states, following a forced, foreclosure sale, the former homeowner has a Right of Redemption which means he or she can restore ownership by paying, in full, the total amounts due within a specific period of time. The amount of time during which the ROR can be exercised ranges from NONE, … (7 comments)
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