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LSDefine

Simple English definitions for legal terms

certificate of redemption

Read a random definition: insane delusion

A quick definition of certificate of redemption:

A certificate of redemption is a document given to someone who has paid the amount owed to reclaim their property that was foreclosed. It proves that the debtor has paid the redemption price for the foreclosed property. Redemption means getting back something that was lost by paying a specific price. In the case of foreclosed property, it means paying the amount owed to get the property back. This is important because it protects against the sale of property at a price far less than its value.

A more thorough explanation:

Definition: A certificate of redemption is a document issued by a sheriff or other designated officer to a debtor whose property has been foreclosed. It serves as evidence that the debtor has paid the redemption price for the foreclosed property. Redemption refers to the act of reclaiming or regaining possession by paying a specific price.

Examples:

  • After John's property was foreclosed, he paid the redemption price and received a certificate of redemption from the sheriff.
  • In bankruptcy, a debtor has the right to repurchase property from a buyer who obtained it at a forced sale initiated by a creditor. This is known as redemption.
  • When a borrower defaults on a mortgage, they may have the right to redeem the property by paying the outstanding debt or charges within a specified period. This is called statutory redemption.

These examples illustrate how a certificate of redemption is used to prove that a debtor has paid the necessary amount to reclaim their foreclosed property. Redemption can occur in various contexts, such as bankruptcy and mortgages, and may involve different types of payments and timeframes.

certificate of reasonable doubt | certificate of registration

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General chat about the legal profession.
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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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