equity of redemption

Английский Язык - Английский Язык

Определение equity of redemption в Английский Язык Английский Язык словарь: Not the same as the redemption period after a foreclosure sale, which is a right established by statute Properly, the right to pay off the mortgage lien in default by payment of the principal, interest and costs due; the right of an owner to redeem property securing a loan that has been accelerated prior to fore- closure; Right of original owner to reclaim property sold through foreclosure proceedings on a mortgage, by payment of debt, interest and costs; The right to regain title to mortgaged land upon repayment of the debt; The right of the mortgagor to reclaim clear title to the real property upon full repayment of the debt; The right to redeem property during the foreclosure period; The right of a party in default to pay back payments owed on principal, interest and costs; The right to redeem property during the foreclosure period, such as a mortgagor's right to redeem within a year after foreclosure sale; The right of one who has mortgaged property to redeem that property upon payment of the sum due within a reasonable amount of time after the due date; The right of a mortgagor to redeem his property after the mortgage is past due; The right a borrower has to pay out in full a mortgage against a property that has gone into foreclosure or power of sale proceedings, thus redeeming the property; The right of the mortgagor to reclaim clear title to the property upon full repayment of the debt; The right to redeem property during the foreclosure period such as a mortgagor's right to redeem prior to foreclosure