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Simple English definitions for legal terms

statutory redemption

Read a random definition: de transgressione, ad audiendum et terminandum

A quick definition of statutory redemption:

Statutory redemption is a legal right that allows someone who has lost their property due to foreclosure or tax sale to get it back by paying the outstanding debt or charges within a specific period. This is to prevent the property from being sold at a price much lower than its actual value. It's like getting a second chance to keep your property if you can pay what you owe.

A more thorough explanation:

Statutory redemption is a legal right that allows a borrower to recover their property within a specific period after a foreclosure or tax sale by paying the outstanding debt or charges. This right is granted by law to protect against the sale of property at a price far less than its value.

For example, if a homeowner defaults on their mortgage and the property is foreclosed, they may have a certain amount of time to redeem the property by paying the outstanding debt. This allows them to keep their home and avoid losing it to the lender.

Another example is tax redemption, where a taxpayer can recover their property that was taken for nonpayment of taxes by paying the delinquent taxes, interest, costs, and penalties.

statutory receiver | statutory release

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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