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Simple English definitions for legal terms

statutory right of redemption

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A quick definition of statutory right of redemption:

Statutory Right of Redemption: This is a legal right that allows someone who has not been able to pay their mortgage to get their property back after it has been sold in a foreclosure sale. To do this, they must pay the amount they owe, including interest and other costs, and fix the problem that caused them to default on their mortgage. This right is different in each state and is not always available.

A more thorough explanation:

The statutory right of redemption is a legal right that allows a mortgagor (borrower) to recover their property after a foreclosure sale by paying the amount owed, including principal, interest, and other costs, to cure the default. This right exists in many states but is not the same in all states.

For example, if a homeowner defaults on their mortgage payments and the lender forecloses on the property, the homeowner may still have the right to redeem the property by paying the outstanding debt within a certain period of time. This right gives the homeowner a chance to keep their property and avoid losing it to foreclosure.

However, it's important to note that the specifics of the statutory right of redemption can vary depending on the state and the terms of the mortgage agreement. Some states may have a shorter redemption period or may not offer this right at all.

statutory release | statutory successor

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Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
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im addicted to reacting to all of the decisions
triplethread
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with the emojis
HopefullyInLawSchool
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HopefullyInLawSchool
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Joe's
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i shop at tawget
glovediedthisishismom
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im dawk gawthic maga
triplethread
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i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
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bodyadaya
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let it rock
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