How the Right of Redemption Can Help You
The Right of Redemption is a legal concept that can help you if you are facing a foreclosure on your property. This right allows owners to regain their home after it has been sold at public auction and helps to protect homeowners from losing the equity in their homes due to foreclosure. By understanding how the Right of Redemption works, you may be able to save your home and keep your equity intact.
The Right of Redemption gives owners the chance to take back their property after it has been sold at public auction. The owner must pay an amount equal to or greater than what was paid for the property at auction plus interest and court costs before a certain time period passes (which varies by state). If this payment is made within that time period, then ownership reverts back to the original owner, regardless of who bought it at auction.
The Law Offices of Omar Zambrano has helped thousands of people and them businesses in the past to get out of debt and start over.
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